<SEC-DOCUMENT>0001554855-20-000070.txt : 20201105
<SEC-HEADER>0001554855-20-000070.hdr.sgml : 20201105
<ACCEPTANCE-DATETIME>20201104203050
ACCESSION NUMBER:		0001554855-20-000070
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		38
CONFORMED PERIOD OF REPORT:	20201104
FILED AS OF DATE:		20201105
DATE AS OF CHANGE:		20201104

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:		201288318

	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>
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<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: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;"><br></font></p>
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<td style="width: 100%; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: center;"><font style="color: #000000; font-family: 'times new roman'; font-size: 20px; 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;">Form 6-K</font></td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;"><font style="font-size: 12.5pt;"><br>&nbsp;</font>&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;">November</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="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>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-weight: bold;">&nbsp;</font><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;"> 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="margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Address of Principal Executive Offices)</font></p>
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<p style="margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;"><br></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: 14.5pt; line-height: 115%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-size: 14pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="font-size: 14.5pt; line-height: 115%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-size: 14pt; font-weight: bold;"><br></font></p>
<p style="font-size: 14.5pt; line-height: 115%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-size: 14pt; font-weight: bold;">TABLE OF CONTENTS</font></p>
<p style="font-size: 14.5pt; line-height: 115%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-size: 14pt; font-weight: bold;"><br></font></p>
<p style="font-size: 12.5pt; line-height: 115%; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-weight: bold; text-decoration: underline;">ITEM</font></p>
<p style="font-size: 12.5pt; line-height: 115%; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-weight: bold; text-decoration: underline;"><br></font></p>
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<td style="width: 2.57412%; vertical-align: top;" valign="top">
<p>1.<br></p>
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<td style="width: 94.6063%; vertical-align: top;" valign="top">
<p><font style="font-size: 10pt; font-family: 'times new roman', times;">Parent&#8217;s Separate and Consolidated Interim Financial Information as of and the Three-month period Ended September 30, 2020 and Report on Review of Interim Financial Information</font></p>
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<td style="width: 2.57412%; vertical-align: top;" valign="top">2.</td>
<td style="width: 94.6063%; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">3Q20 Earnings Release</font></td>
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<td style="width: 2.57412%; vertical-align: top;" valign="top">3.</td>
<td style="width: 94.6063%; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;">Board of Directors minutes</font></td>
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<td style="width: 2.57412%; vertical-align: top;" valign="top">4.</td>
<td style="width: 94.6063%; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">Corporate Nomination Policy for Members of The Board Of Directors, Advisory Committees and Executive Officers Board</font></td>
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<td style="width: 94.6063%;"><br></td>
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<p style="font-size: 12.5pt; line-height: 115%; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-weight: bold; text-decoration: underline;"><br></font></p>
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<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: Calibri; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: Calibri; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<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>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 22pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 22pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 22pt; font-weight: bold;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>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</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"><font>&nbsp;</font></font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Separate</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"><font>&nbsp;</font></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>&nbsp;</font></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 the Nine-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 September 30, 2020 and</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Report 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;">&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: 11pt;">KPMG<font>&nbsp;</font></font><font style="font-family: 'Times New Roman'; font-size: 11pt;">Auditores</font><font style="font-family: 'Times New Roman'; font-size: 11pt;"><font>&nbsp;</font></font><font style="font-family: 'Times New Roman'; font-size: 11pt;">Independentes</font></p>
<p style="margin: 0pt; text-align: center;"><br></p>
<p style="margin: 0pt; text-align: center;"><br></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-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Consolidated </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Interim Financial Information&nbsp;</font></font></p>
<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';">s of and the Nine</font><font style="font-family: 'Times New Roman';">-month </font><font style="font-family: 'Times New Roman';">P</font><font style="font-family: 'Times New Roman';">eriod Ended </font><font style="font-family: 'Times New Roman';">September</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; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 18pt;">&nbsp;</font></p>
&#8203;
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<td style="width: 85.4953%; height: 52px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a>
<h4 style="vertical-align: middle; text-align: left;">Table of Content</h4>
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<td style="width: 85.4953%; height: 17px;"><font style="font-size: 10pt;"><a href="#B1_SNULZRHRWW00000000000000000000">Report on the Review of Quarterly Information</a></font></td>
<td style="width: 7.06391%; height: 17px; text-align: right;">3-4</td>
</tr>
<tr style="height: 17px;">
<td style="width: 85.4953%; height: 17px;"><font style="font-size: 10pt;"><a href="#B2_MS7AWH9AN400000000000000000000">Statements of Financial Position</a></font></td>
<td style="width: 7.06391%; height: 17px; text-align: right;">5-6</td>
</tr>
<tr style="height: 17px;">
<td style="width: 85.4953%; height: 17px;"><font style="font-size: 10pt;"><a href="#B3_F9A8ZBSRDC00000000000000000000">Statements of Profit or Loss</a></font></td>
<td style="width: 7.06391%; height: 17px; text-align: right;">7-8</td>
</tr>
<tr style="height: 17px;">
<td style="width: 85.4953%; height: 17px;"><font style="font-size: 10pt;"><a href="#B5_4PTMCY8QCW00000000000000000000">Statements of Comprehensive Income</a></font></td>
<td style="width: 7.06391%; height: 17px; text-align: right;">9-10</td>
</tr>
<tr style="height: 17px;">
<td style="width: 85.4953%; height: 17px;"><font style="font-size: 10pt;"><a href="#B6_UED2HJPKPS00000000000000000000">Statements of Changes in Equity</a></font></td>
<td style="width: 7.06391%; height: 17px; text-align: right;">11-12</td>
</tr>
<tr style="height: 17px;">
<td style="width: 85.4953%; height: 17px;"><font style="font-size: 10pt;"><a href="#B7_F7J7WE4N0000000000000000000000">Statements of Cash Flows &#8211; Indirect Method</a></font></td>
<td style="width: 7.06391%; height: 17px; text-align: right;">13-14</td>
</tr>
<tr style="height: 17px;">
<td style="width: 85.4953%; height: 17px;"><font style="font-size: 10pt;"><a href="#B8_IVQGZA51A800000000000000000000">Statements of Value Added</a></font></td>
<td style="width: 7.06391%; height: 17px; text-align: right;">15</td>
</tr>
<tr style="height: 17px;">
<td style="width: 85.4953%; height: 17px;"><font style="font-size: 10pt;"><a href="#B9_8A8Y3QQUNK00000000000000000000">Notes to the Interim Financial Information </a></font></td>
<td style="width: 7.06391%; height: 17px; text-align: right;">16-129</td>
</tr>

</table>
<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;"><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'>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>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 1pt 0in; line-height: 14pt; text-indent: -0.5pt; font-size: 12pt; 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: 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; display: inline !important; float: none;"><br></font></p>
<p style="margin: 1pt 0in; line-height: 14pt; text-indent: -0.5pt; font-size: 12pt; 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: 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; display: inline !important; float: none;">(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-size: 12pt; font-family: 'times new roman', times; font-weight: bold;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B1_SNULZRHRWW00000000000000000000" class="customBookmark">Report on the Review of quarterly Information</a> &#8211; ITR</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>
<p align="left" style="text-align: left; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">To the Shareholders, Directors and Management of</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.</font></b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">S&#227;o<font>&nbsp;</font>Paulo, SP</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR">&nbsp;</font></b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR">&nbsp;</font></b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>Introduction</b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">We have reviewed the accompanying individual and consolidated interim financial information of<font>&nbsp;</font>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. (&#8220;Company&#8221;), comprised in the Quarterly Financial Information - ITR Form for the quarter ended September 30, 2020, which comprise the statements of financial position as of September 30, 2020 and related statements of income, comprehensive income for the three and nine-month period then ended and changes in<font>&nbsp;</font>shareholder&#180;s<font>&nbsp;</font>equity and cash flows for the nine-month<font>&nbsp;<font>&nbsp;</font></font>period then ended, including explanatory notes.</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The<font>&nbsp;</font>Company&#180;s<font>&nbsp;</font>Management is responsible for the preparation of the interim financial information in accordance with Technical Pronouncement CPC 21 (R1)<font>&nbsp;<font>&nbsp;</font></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>&nbsp;<font>&nbsp;</font></font>Our responsibility is to express a conclusion on these interim financial information based on our review.</font></p>
<p align="left" style="text-align: left; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>Scope of Review</b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">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>&nbsp;<font>&nbsp;</font></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></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>Conclusion on the individual and consolidated interim financial information</b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">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.&nbsp;</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>Other matters </b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>&nbsp;</b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><i>Interim statements of value added</i></b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The individual and consolidated interim statements of value added (DVA) for the nine-month period ended September 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: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0in 0in 0.0001pt; 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, November 04, 2020</font></p>
<p style="margin: 0in 0in 0.0001pt; 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;">&nbsp;</font></p>
<p style="margin: 0in 0in 0.0001pt; 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;">&nbsp;</font></p>
<p style="margin: 0in 0in 0.0001pt; 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;">KPMG Auditores Independentes</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', sans-serif; color: #000000;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: windowtext;">CRC 2SP014428/O-6</font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><i>(Original report in Portuguese signed by)</i></font></p>
<p style="margin: 0in 0in 0.0001pt; 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;">M&#225;rcio Serpejante Peppe</font></p>
<p style="margin: 0in 0in 0.0001pt; 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: 8pt; font-family: arial, helvetica, sans-serif; color: windowtext;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Accountant CRC 1SP233011/O-8</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif; font-size: 8pt;">&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'>4</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;"><br></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-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<div style="margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B2_MS7AWH9AN400000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Financial Position</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;">A</font><font style="font-family: 'Times New Roman'; font-weight: bold;">s of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">September</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </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 </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December 31, </font><font style="font-family: 'Times New Roman'; font-weight: bold;">201</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9</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)</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; 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: bottom; width: 40.9pt; 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;">Parent</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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>
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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: 8pt; font-weight: bold;">Note</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; 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>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; 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>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Assets</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 40.9pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<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;">&nbsp;</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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<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'; font-size: 10pt; font-weight: bold;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 40.9pt; 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; width: 42.45pt; 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: 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="vertical-align: bottom; width: 42.45pt; 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; width: 7pt; 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; width: 42.45pt; 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; width: 7pt; 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; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">936,880</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,996,333</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 198.45pt; 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; width: 40.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,582,703</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,303,691</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 198.45pt; 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; width: 40.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">497,853</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,539,607</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 198.45pt; 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; width: 40.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">890,852</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,557</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">253,700</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 198.45pt; 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; width: 40.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">269</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,896</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,134</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 198.45pt; 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; width: 40.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,357</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">481,130</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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: 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'; font-size: 10pt;">Total current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; 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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,133,884</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; 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; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,751,629</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 40.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 198.45pt; height: 17px;">
<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; width: 40.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,218,753</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">Trade receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,864</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">428,334</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">750,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; 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: bottom; width: 42.45pt; 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: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,566</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,068,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,321,336</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">251,749</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">Escrow deposits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; height: 17px;">
<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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">952,396</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">193,738</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,753</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,417</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,819</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">Contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; height: 17px;">
<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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,183,448</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,000,535</font></p>
</td>
</tr>
<tr style="height: 15px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 15px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Total </font><font style="font-family: 'Times New Roman';">long term</font><font style="font-family: 'Times New Roman';"> assets</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; height: 15px; background-color: #daeef3;">
<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: 42.45pt; height: 15px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">844,432</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 15px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 15px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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; width: 7pt; height: 15px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 15px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,787,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 15px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 15px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">Investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,132,390</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,085,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 198.45pt; height: 17px;">
<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; width: 40.9pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">12.a; </font><font style="font-family: 'Times New Roman';">12.b</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,611</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,788</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">&nbsp; Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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;">2,793</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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;">2,793</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 40.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,132,390</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,104,745</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">171,192</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">Right to use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,281</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,162,951</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,948</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,976,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<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'; font-size: 10pt;">Intangible assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 40.9pt; 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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">251,516</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<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: 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,762,248</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,762,593</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 40.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,277,567</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,199,694</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,860,424</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 18px;">
<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; width: 40.9pt; 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; width: 42.45pt; 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;">12,411,451</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 42.45pt; 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;">11,397,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 42.45pt; 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;">36,612,053</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 42.45pt; 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;">31,195,472</font></p>
</td>
</tr>

</table>
<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-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></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;"><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'>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="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';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Financial Position</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</font><font style="font-family: 'Times New Roman'; font-weight: bold;">s of</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">September</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">30, 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and December 31, 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)&nbsp;</font></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="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 939px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 197.75pt; 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: 37.8pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 10px; 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; width: 7pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 10px; 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; width: 197.75pt; 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: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 42.45pt; 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; width: 7pt; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 197.75pt; 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; width: 37.8pt; 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; width: 42.45pt; 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; width: 7pt; 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; width: 42.45pt; 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; width: 7pt; 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; width: 42.45pt; 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; width: 7pt; 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; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans, financing and hedge derivative financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,024,548</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,004,368</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><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; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,422</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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">960,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,385</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,578,498</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables &#8211; reverse factoring</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">868,894</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,287</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">513,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; 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: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">842</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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">310,332</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,750</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,469</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; 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; width: 42.45pt; 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: 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,522</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,655</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">505</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,968</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; height: 17px;">
<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: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,585</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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">247,678</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,891</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">290,370</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; height: 17px;">
<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: bottom; width: 37.8pt; 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; width: 42.45pt; 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: 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,901</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,097,215</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,003,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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: middle; width: 197.75pt; 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: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans, financing and hedge derivative financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; 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; width: 42.45pt; 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: 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,240,591</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,723,928</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,550,879</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; 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: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,199</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: bottom; width: 42.45pt; height: 17px;">
<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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,853</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,177</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; 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: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,111</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">234,408</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,866</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px;">
<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: bottom; width: 37.8pt; height: 17px;">
<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; width: 42.45pt; height: 17px;">
<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; 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: bottom; width: 42.45pt; height: 17px;">
<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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">844,621</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,294</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,584,095</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><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; width: 37.8pt; height: 17px;">
<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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for short-term liabilities of <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;">subsidiaries and&nbsp;</font>joint venture</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">12.a; </font><font style="font-family: 'Times New Roman';">12.b</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,969</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,497</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">884</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 197.75pt; 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: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,639</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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">151,810</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,889,901</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,891,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,781,665</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; 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: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share capital</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">25.a; </font><font style="font-family: 'Times New Roman';">25.f</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,479</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,479</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">594,049</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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">594,049</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Treasury shares</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489,068)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489,068)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,383</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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,383</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Profit reserves</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; 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; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,022</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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(636,801)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(636,801)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 197.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cumulative translation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">301,105</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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">301,105</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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; width: 197.75pt; 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: bottom; width: 37.8pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 197.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,424,335</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,424,335</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 197.75pt; 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: bottom; width: 37.8pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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;">402,965</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 197.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,424,335</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,827,300</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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; width: 197.75pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total liabilities and equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.8pt; 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; width: 42.45pt; 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;">12,411,451</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; 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;">11,397,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 42.45pt; 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;">36,612,053</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 42.45pt; 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: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;"><br></font></p>
<p style="margin: 0pt 0pt 5pt; text-align: justify; text-indent: 0pt;"><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>
<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>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 9pt;"><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-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<div style="margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B3_F9A8ZBSRDC00000000000000000000" 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;">nine</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;">September</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&nbsp;</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: 633px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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; width: 37.9pt; 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; width: 42.45pt; 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: bottom; width: 7pt; 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; width: 47.35pt; 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: bottom; width: 226.8pt; 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; width: 37.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</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'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58,025,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,635,188</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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; width: 37.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 47.35pt; 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;">(53,925,516)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; 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;">(61,161,756)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,099,934</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,473,432</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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: 37.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<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; width: 226.8pt; 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: bottom; width: 37.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,854,841)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,961,011)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expected reversion (losses) on doubtful accounts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,078)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,505)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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; width: 37.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,076,974)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,245,013)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 10px; background-color: #daeef3;">
<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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.9pt; height: 10px; background-color: #daeef3;">
<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; width: 42.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,926</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">908</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px;">
<p style="margin: 0pt;"><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: 37.9pt; 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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,192</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">316</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,247</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100,034</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 37.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<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; width: 226.8pt; height: 10px;">
<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: bottom; width: 37.9pt; 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; width: 42.45pt; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,192</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">316</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 47.35pt; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,289,214</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 47.35pt; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,340,845</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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; width: 37.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">503,960</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">627,153</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,515)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,295)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 226.8pt; 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 income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.9pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">505,152</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">627,469</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 47.35pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,258,699</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 47.35pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,322,550</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: 37.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,850</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100,451</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">306,813</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">401,880</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px;">
<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: bottom; width: 37.9pt; 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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(80,427)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(90,967)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(712,639)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(656,629)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 37.9pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(46,577)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,484</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 47.35pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(405,826)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 47.35pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(254,749)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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: bottom; width: 37.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">458,575</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">636,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">852,873</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,067,801</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<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; width: 226.8pt; 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; width: 37.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(403,482)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(306,692)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,804</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(90,500)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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: 37.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,783</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(356,678)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(397,192)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 18px; background-color: #daeef3;">
<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: bottom; width: 37.9pt; height: 18px; background-color: #daeef3;">
<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: 42.45pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640,062</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">496,195</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">670,609</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income attributable to:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 37.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 37.9pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640,062</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640,062</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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: bottom; width: 37.9pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,547</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 34px; background-color: #daeef3;">
<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: bottom; width: 37.9pt; height: 34px; background-color: #daeef3;">
<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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 34px; background-color: #daeef3;">
<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; width: 226.8pt; 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; width: 37.9pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.4293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5903</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.4293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5903</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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; width: 37.9pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.4268</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5869</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.4268</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5869</font></p>
</td>
</tr>

</table>
<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-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>
<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>
<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;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Profit or Loss</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;">-</font><font style="font-family: 'Times New Roman'; font-weight: bold;">month period ended </font><font style="font-family: 'Times New Roman'; font-weight: bold;">September</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 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; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 535px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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; width: 35.7pt; 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; width: 42.45pt; 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: bottom; width: 7pt; 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; width: 49.7pt; 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: bottom; width: 226.8pt; 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; width: 35.7pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 49.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 35.7pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,762,078</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,203,290</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 35.7pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 49.7pt; 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'; font-size: 10pt;">(19,123,322)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; 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;">(21,580,190)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 35.7pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,638,756</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,623,100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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: 35.7pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; 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: bottom; 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: bottom; width: 47.35pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 35.7pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<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; width: 226.8pt; 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: bottom; width: 35.7pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 49.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(658,104)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(651,592)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expected reversion (losses) on doubtful accounts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 35.7pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,438</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,135</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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; width: 35.7pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 49.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(373,853)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(445,539)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 10px; background-color: #daeef3;">
<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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 35.7pt; height: 10px; background-color: #daeef3;">
<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; width: 42.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,016</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,963</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px;">
<p style="margin: 0pt;"><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: 35.7pt; 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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">636</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 49.7pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,907)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,214</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 35.7pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<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; width: 226.8pt; height: 10px;">
<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: bottom; width: 35.7pt; 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; width: 42.45pt; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">636</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 49.7pt; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">603,346</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 47.35pt; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">619,281</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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; width: 35.7pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">285,818</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302,596</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,817)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,247)</font></p>
</td>
</tr>
<tr style="height: 27px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 226.8pt; height: 27px;">
<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: bottom; width: 35.7pt; height: 27px;">
<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: 42.45pt; height: 27px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">286,454</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 27px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 27px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302,492</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 27px;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 27px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">598,529</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 27px;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 27px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">611,034</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: 35.7pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,081</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,112</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,649</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">125,592</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px;">
<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: bottom; width: 35.7pt; 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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,794)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31,504)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 49.7pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(229,517)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(288,993)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 35.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(26,713)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,392)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 49.7pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(157,868)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 47.35pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(163,401)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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: bottom; width: 35.7pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">259,741</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">295,100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 49.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">440,661</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">447,633</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 35.7pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<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; width: 226.8pt; 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; width: 35.7pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 49.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(183,850)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,244)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 35.7pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,692</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,700</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(93,066)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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: 35.7pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,692</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,700</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 49.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(163,360)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(140,310)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 18px; background-color: #daeef3;">
<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: bottom; width: 35.7pt; height: 18px; background-color: #daeef3;">
<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: 42.45pt; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">265,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">297,800</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">277,301</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">307,323</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income attributable to:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 35.7pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; 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: bottom; 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: bottom; width: 47.35pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 35.7pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">265,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">297,800</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">265,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">297,800</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; 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: bottom; width: 35.7pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 49.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,868</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,523</font></p>
</td>
</tr>
<tr style="height: 28px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 28px; background-color: #daeef3;">
<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: bottom; width: 35.7pt; height: 28px; background-color: #daeef3;">
<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: 42.45pt; height: 28px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 28px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 28px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 28px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 28px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 28px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 28px; background-color: #daeef3;">
<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; width: 226.8pt; 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; width: 35.7pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2437</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2746</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 49.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2437</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 47.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2746</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 226.8pt; height: 17px; background-color: #daeef3;">
<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; width: 35.7pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2422</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2730</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 49.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2422</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 47.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2730</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>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 9pt;">&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'>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;"><br></p>
</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<div style="margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B5_4PTMCY8QCW00000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Comprehensive Income</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;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">nine</font><font style="font-family: 'Times New Roman'; font-weight: bold;">-month period e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">September</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)</font></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="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 266px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; 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; width: 26pt; 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; width: 42.45pt; 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: bottom; width: 7pt; 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; width: 42.45pt; 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: bottom; width: 248.5pt; 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; width: 26pt; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 10px; background-color: #daeef3;">
<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: 26pt; height: 10px; background-color: #daeef3;">
<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: 42.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640,062</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">496,195</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">670,609</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; 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: bottom; width: 26pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(57)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments of subsidiaries, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(491,544)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(103,062)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(491,544)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(103,041)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments of joint ventures, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">786</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">786</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cumulative translation adjustments, net of hedge of net investments in foreign operations and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26pt; 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: bottom; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">198,678</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,388</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">198,678</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,388</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 26pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 248.5pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 26pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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;">238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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;">238</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 18px; background-color: #daeef3;">
<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: bottom; width: 26pt; height: 18px; background-color: #daeef3;">
<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: 42.45pt; height: 18px; background-color: #daeef3; 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;">175,552</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 18px; background-color: #daeef3; 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;">560,652</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 18px; background-color: #daeef3; 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;">204,389</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 18px; background-color: #daeef3; 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;">591,220</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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: bottom; width: 26pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">175,552</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">560,652</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">175,552</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">560,652</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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: bottom; width: 26pt; height: 34px; background-color: #daeef3;">
<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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,568</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';">financial i</font><font style="font-family: 'Times New Roman';">nformation</font><font style="font-family: 'Times New Roman';">.&nbsp;</font></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">U</font><font style="font-family: 'Times New Roman';">ltrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Comprehensive Income</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 three-month period ended </font><font style="font-family: 'Times New Roman'; font-weight: bold;">September</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 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)</font></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="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 266px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; 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; width: 26pt; 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; width: 42.45pt; border-bottom: 1pt solid #000000; height: 17px;">
<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; 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; width: 42.45pt; border-bottom: 1pt solid #000000; height: 17px;">
<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; width: 248.5pt; 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; width: 26pt; 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: bottom; width: 42.45pt; height: 17px; text-align: right;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; 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: bottom; width: 42.45pt; height: 17px; text-align: right;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 17px; background-color: #daeef3;">
<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: 26pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">265,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">297,800</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">277,301</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">307,323</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; 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: bottom; width: 26pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(158)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(158)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments of subsidiaries, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,771)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(119,042)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,771)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(119,042)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments of joint ventures, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,075)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,075)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,450</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cumulative translation adjustments, net of hedge of net investments in foreign operations and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26pt; height: 10px;">
<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; width: 42.45pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">62,556</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,274</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">62,556</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,274</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 26pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 248.5pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 26pt; 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; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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; 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: bottom; width: 42.45pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total comprehensive income for the period&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26pt; height: 18px; background-color: #daeef3;">
<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: 42.45pt; height: 18px; background-color: #daeef3; 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;">311,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 18px; background-color: #daeef3; 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;">210,720</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 18px; background-color: #daeef3; 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;">323,853</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 18px; background-color: #daeef3; 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;">220,243</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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: bottom; width: 26pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">311,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">210,720</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">311,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 42.45pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">210,720</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 248.5pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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: bottom; width: 26pt; height: 34px; background-color: #daeef3;">
<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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,868</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,523</font></p>
</td>
</tr>

</table>
<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'; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>
</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'>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>
<p style="margin: 0px; text-indent: 0px;"><br></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-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<div style="margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B6_UED2HJPKPS00000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Changes in Equity</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 the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">nine</font><font style="font-family: 'Times New Roman'; font-weight: bold;">-month period </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">September</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)</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 225px; 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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" 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: 6pt; font-weight: bold;">Profit reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" 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: 6pt; font-weight: bold;">Equity attributable to:</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 28px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 28px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #0563c1; font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Note</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Share</font></p>
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">capital</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Equity instrument granted</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Capital reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Treasury shares</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Legal reserve</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Investments statutory reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Valuation adjustments</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Cumulative translation adjustments</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Retained </font></p>
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">earnings</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Shareholders of the Company</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 28px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Consolidated </font></p>
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">equity</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #daeef3; width: 30%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 7%;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 5,171,752</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 11,970</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 542,400</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;">(485,383)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 4,522</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 705,341</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 3,290,073</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;">(146,317)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 102,427</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 261,470</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 9,458,255</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 376,920</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 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; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Net income for the period</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 467,358</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 467,358</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 28,837</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 496,195</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Other comprehensive income:</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&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: 8pt;">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; margin: 0px; text-indent: 0px; height: 10px;">
<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;">25.g.1</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 274</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 274</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 274</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">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; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">12.a; </font><font style="font-family: 'Times New Roman';">25.g.</font><font style="font-family: 'Times New Roman';">1</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(490,758)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(490,758)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(490,758)</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: 8pt;">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; margin: 0px; text-indent: 0px; height: 10px;">
<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;">25.g.2</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;"> 198,678</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #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: 8pt;"> 198,678</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;"> 198,678</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Total comprehensive income for the period</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(490,484)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 198,678</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 467,358</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 175,552</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 28,837</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 204,389</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-size: 8pt;"><font style="font-family: 'Times New Roman';">Issuance of shares related to the subscription warrants - indemnification - </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> acquisition</font></font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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;">25.d</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 54,763</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 54,763</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 54,763</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Stock plan</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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;">8.c</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(3,114)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(3,685)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(6,799)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(6,799)</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: 8pt;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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;">25.b</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 2,906</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 2,906</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 2,906</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #daeef3;">
<p style="margin: 0px; line-height: 1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Equity instrument granted (subsidiaries)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">12.a; </font><font style="font-family: 'Times New Roman';">25.b</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 1,603</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 1,603</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 1,603</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: 8pt;">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; margin: 0px; text-indent: 0px; height: 10px;">
<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;">25.e</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(139)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 139</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Loss due to the payments fixed dividends to preferred shares</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(516)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(516)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(516)</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-size: 8pt;"><font style="font-family: 'Times New Roman';">Shareholder transaction &#8211; changes of </font><font style="font-family: 'Times New Roman';">investiments</font></font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 41</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 41</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 41</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Additional dividends attributable to non-controlling interests</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(2,792)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(2,792)</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: 8pt;">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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;">25.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">(261,470)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">(261,470)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #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: 8pt;">(261,470)</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #daeef3;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as of September 30, 2020</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 5,171,752</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 16,479</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 594,049</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">(489,068)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 4,383</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 705,341</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 3,290,073</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">(636,801)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 301,105</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 467,022</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 9,424,335</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 402,965</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<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: 8pt; font-weight: bold;"> 9,827,300</font></p>
</td>
</tr>

</table>
<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: 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>
<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'>11</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-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';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Statements</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';">Changes</font><font style="font-family: 'Times New Roman';"> in </font><font style="font-family: 'Times New Roman';">Equity</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;">For </font><font style="font-family: 'Times New Roman'; font-weight: bold;">the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">nine</font><font style="font-family: 'Times New Roman'; font-weight: bold;">-month period </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">September</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)</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 298px; 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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" 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: 6pt; font-weight: bold;">Profit reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" 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: 6pt; font-weight: bold;">Equity attributable to:</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #0563c1; font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Note</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Share</font></p>
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">capital</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Equity instrument granted</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Capital reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Treasury shares</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; 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;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">reserve</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Investments statutory reserve</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Valuation adjustments</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Cumulative translation adjustments</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Retained earnings</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Shareholders of the Company</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<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: 6pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 6pt; font-weight: bold; line-height: inherit;">Consolidated equity</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 30%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 7%;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 5,171,752</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 4,309</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 542,400</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;">(485,383)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 4,712</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 686,665</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 3,412,427</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;">(63,989)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 65,857</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 109,355</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 9,448,105</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 351,924</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; width: 0.5%;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3; 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: 8pt; font-weight: bold;"> 9,800,029</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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'; font-size: 8pt;">Net income for the period</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;"> 640,062</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;"> 640,062</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;"> 30,547</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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: 8pt;"> 670,609</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Other comprehensive income:&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 22px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">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; margin: 0px; text-indent: 0px; height: 10px;">
<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;">25.g.1</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(57)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(57)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(57)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">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; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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;">25.g.1</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(102,979)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(102,979)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 21</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(102,958)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Actuarial gain of post-employment benefits, net of income taxes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">12.a; </font><font style="font-family: 'Times New Roman';">25.g.</font><font style="font-family: 'Times New Roman';">1</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 238</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 238</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 238</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">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; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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;">25.g.1</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 23,388</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 23,388</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 23,388</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Total comprehensive income for the period</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(102,798)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 23,388</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 640,062</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 560,652</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 30,568</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 591,220</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<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;">25.b</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 5,387</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 5,387</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 5,387</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">Shareholder transaction - gain in reimbursement of shares pref. B from </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Nordeste</font></font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 208</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 208</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(208)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Realization of revaluation reserve of subsidiaries</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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;">25.e</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(144)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 144</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">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; margin: 0px; text-indent: 0px; height: 10px;">
<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;">25.e</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(27)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(27)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(27)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Additional dividends attributable to non-controlling interests</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,521)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,521)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">Redemption of non-controlling shares of </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Nordeste</font></font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(2,180)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(2,180)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Capital increase from Iconic non-controlling shareholders</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 6,996</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> 6,996</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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;">25.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(109,355)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(109,355)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(109,355)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Interim dividends (R$ 0.20 per share of the Company)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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;">25.h</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(217,382)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(217,382)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #daeef3;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(217,382)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance as of September 30, 2019</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 5,171,752</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 9,696</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 542,400</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;">(485,383)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 4,568</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 686,665</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 3,412,427</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;">(166,787)</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 89,245</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 423,005</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;">-&nbsp; </font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 9,687,588</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 385,579</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; 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: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; 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: 8pt; font-weight: bold;"> 10,073,167</font></p>
</td>
</tr>

</table>
<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-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: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</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'>12</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; text-align: justify; text-indent: 0px;"><br></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font><br></p>
<div>
<div style="margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B7_F7J7WE4N0000000000000000000000" class="customBookmark"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Statements of </font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">ash </font><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">lows </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> Indirect </font><font style="font-family: 'Times New Roman';">M</font><font style="font-family: 'Times New Roman';">ethod</font></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;">nine</font><font style="font-family: 'Times New Roman'; font-weight: bold;">-month period e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">September</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)</font></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="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 703px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; 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; width: 8.70098%; 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; width: 21.8137%; 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; width: 2.69608%; 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; width: 22.1814%; 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; width: 44.4853%; 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; width: 8.70098%; 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.69608%; 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.69608%; 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.69608%; 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<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; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 9.80392%; height: 17px; background-color: #daeef3;">
<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; width: 44.4853%; 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: bottom; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640,062</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">496,195</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">670,609</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 10px; background-color: #daeef3;">
<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: bottom; width: 8.70098%; height: 10px; background-color: #daeef3;">
<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: 9.55882%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 10px; background-color: #daeef3;">
<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; width: 44.4853%; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; 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; width: 9.55882%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(503,960)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; 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; width: 9.55882%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(627,153)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; 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; width: 9.68137%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,515</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; 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; width: 9.80392%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,295</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; height: 10px; background-color: #daeef3;">
<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; width: 9.55882%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,441</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">273,383</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">219,225</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,877</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">698,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">623,620</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; 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; width: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,487</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,134</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,251</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">768,843</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,083,929</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,953)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,109)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(46,804)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,500</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 10px; background-color: #daeef3;">
<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; width: 9.55882%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(35,926)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(908)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; 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; width: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,078</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,505</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(829)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,039</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,490)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,626)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,888)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,906</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,509</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,387</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; 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; width: 9.55882%; 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;">1,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; 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;">657</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; 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;">(1,044)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; 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;">(2,098)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<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; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,391</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,890</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,402,349</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,021,732</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; 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: bottom; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">255,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">225,745</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; 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; width: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">180,834</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,197</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,807)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,617</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303,126</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(406,277)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">299,746</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,521,209</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,575)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,794)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,371)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,950)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,378)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(114)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,045)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,681</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<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; width: 44.4853%; 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; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,212</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">766</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">607,361</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(344,167)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,329</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">730</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,351</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,889</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">453</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,238)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,410</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,207</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<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; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">171,870</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">118,411</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; 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; width: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">571</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,418)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">505</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,513</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,014</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,089</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,975)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">66,381</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,063</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(725)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,692)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; 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: bottom; width: 8.70098%; 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; width: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(96,784)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,915</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; 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; width: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(700,778)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,067</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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: 9.55882%; height: 17px; background-color: #daeef3;">
<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; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><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; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,953)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(38,636)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; 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; width: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; 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; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">436</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44.4853%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 8.70098%; height: 17px; background-color: #daeef3;">
<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; width: 9.55882%; height: 17px; background-color: #daeef3;">
<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; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.55882%; height: 17px; background-color: #daeef3;">
<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; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.68137%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,264</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.69608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.80392%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,772)</font></p>
</td>
</tr>

</table>
<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-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';">.</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>
<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: 11pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Statements of Cash Flows </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> Indirect Method</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;">For the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">nine</font><font style="font-family: 'Times New Roman'; font-weight: bold;">-month period ended </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Septem</font><font style="font-family: 'Times New Roman'; font-weight: bold;">b</font><font style="font-family: 'Times New Roman'; font-weight: bold;">er</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 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)</font></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="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 681px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; 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; width: 42.45pt; 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; width: 42.45pt; 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: bottom; width: 7pt; 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; width: 43.35pt; 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: bottom; width: 218.25pt; 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; width: 42.45pt; 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: bottom; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 218.25pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; 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; width: 42.45pt; 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; 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: bottom; width: 43.35pt; 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; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,118</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">257</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,519)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,753)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,618</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; 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; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37,011)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,283</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,850)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px;">
<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: bottom; width: 42.45pt; height: 17px;">
<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; width: 42.45pt; 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; 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: bottom; width: 43.35pt; 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; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(296,765)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(231,737)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3; border-bottom-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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3; border-bottom-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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3; border-bottom-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;">(227,269)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3; border-bottom-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;">(118,924)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; 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: bottom; width: 42.45pt; 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; width: 42.45pt; 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;">346,919</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; 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;">1,521,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; 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;">2,630,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; 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;">2,449,065</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 218.25pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,059)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">487,073</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,567,079)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(841,235)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,575)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(641)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(587,087)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(669,805)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,071)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; 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; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(112,335)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(75,839)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(90,580)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,453,964)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 218.25pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; 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; width: 42.45pt; 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; 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: bottom; width: 43.35pt; 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; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,000)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,939)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Initial direct costs of right to use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(69,490)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; height: 10px;">
<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; width: 42.45pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 43.35pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 43.35pt; 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;">86,012</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 43.35pt; 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;">28,661</font></p>
</td>
</tr>
<tr style="height: 16px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 16px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash used in investing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 16px; background-color: #daeef3;">
<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: 42.45pt; height: 16px; background-color: #daeef3; border-bottom-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;">(122,285)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 16px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 16px; background-color: #daeef3; border-bottom-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;">(967,532)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 16px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 16px; background-color: #daeef3; border-bottom-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;">(2,200,489)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 16px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 16px; background-color: #daeef3; border-bottom-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;">(1,650,647)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px;">
<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: bottom; width: 42.45pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans and debentures&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 218.25pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Proceeds</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; 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; width: 42.45pt; height: 17px;">
<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; 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: bottom; width: 43.35pt; 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; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,591,624</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,016,429</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Repayments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,280,152)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,160,567)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,788)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(112,675)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(478,755)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,220,707)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,256)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(266,490)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(237,225)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px;">
<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: bottom; width: 42.45pt; height: 17px;">
<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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(261,409)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(594,380)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(264,487)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(596,479)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Redemption of non-controlling shares of </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Nordeste</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px;">
<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: bottom; width: 42.45pt; 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; width: 42.45pt; 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; 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: bottom; width: 43.35pt; 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; 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: bottom; width: 43.35pt; 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; 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: bottom; width: 43.35pt; height: 17px;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3; border-bottom-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;">9,123</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3; border-bottom-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;">51,439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3; border-bottom-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;">(72)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3; border-bottom-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;">(122)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px;">
<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: bottom; width: 42.45pt; 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; width: 42.45pt; 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;">669,666</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; 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;">(655,616)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; 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;">301,668</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; 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;">(2,193,855)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 34px; background-color: #daeef3;">
<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: bottom; width: 42.45pt; height: 34px; background-color: #daeef3;">
<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: 42.45pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">149,455</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,780</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Increase (decrease) in cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; 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; width: 42.45pt; 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;">894,300</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 43.35pt; 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;">(101,260)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 43.35pt; 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;">880,954</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 43.35pt; 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;">(1,385,657)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; 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 end of the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">936,880</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,055</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,996,333</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,553,294</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 218.25pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 42.45pt; 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; width: 42.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,890</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 43.35pt; 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; width: 7pt; 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: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">407,148</font></p>
</td>
<td style="vertical-align: bottom; width: 7pt; 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: 43.35pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">244,650</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Initial direct costs of right to use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,374</font></p>
</td>
</tr>
<tr style="height: 25px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 25px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; width: 42.45pt; height: 25px;">
<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; width: 42.45pt; height: 25px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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: 43.35pt; height: 25px;">
<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; width: 7pt; 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: bottom; width: 43.35pt; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,960</font></p>
</td>
<td style="vertical-align: bottom; width: 7pt; 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: bottom; width: 43.35pt; height: 25px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversion fund &#8211; private pension</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.45pt; height: 17px; background-color: #daeef3;">
<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; width: 42.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,088</font></p>
</td>
<td style="vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 43.35pt; height: 17px; background-color: #daeef3;">
<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: 9pt;">&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-family: 'Times New Roman'; font-size: 9pt;"><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'>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>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 9pt;"><br></font></p>
</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. </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';">Subsidiaries</font></font></p>
<div style="margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B8_IVQGZA51A800000000000000000000" class="customBookmark"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Statements of </font><font style="font-family: 'Times New Roman';">V</font><font style="font-family: 'Times New Roman';">alue </font><font style="font-family: 'Times New Roman';">A</font><font style="font-family: 'Times New Roman';">dded</font></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;">nine</font><font style="font-family: 'Times New Roman'; font-weight: bold;">-month period </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nded </font><font style="font-family: 'Times New Roman'; font-weight: bold;">September</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 percentages)</font></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="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 657px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; 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; width: 5.63725%; 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="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 31.25%; border-bottom: 1pt solid #000000; height: 17px;">
<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: 2.20588%; 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="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 33.9461%; border-bottom: 1pt solid #000000; height: 17px;">
<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; width: 26.8382%; 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; width: 5.63725%; 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: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.20588%; 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.20588%; 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: 8.08824%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.20588%; 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.20588%; 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.20588%; 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.20588%; 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.32843%; 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: 4.53431%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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; width: 7.96569%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 8.08824%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 4.53431%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; width: 26.8382%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gross revenue from sales and services, except rents and royalties&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.63725%; height: 34px;">
<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; width: 7.96569%; 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; width: 2.20588%; 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; width: 4.28922%; 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; width: 2.20588%; 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; width: 8.08824%; 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; width: 2.20588%; 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; width: 4.28922%; 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; width: 2.20588%; 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; width: 9.06863%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">62,473,739</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; 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; width: 4.41176%; 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; width: 2.20588%; 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; width: 9.19118%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,823,702</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; 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; width: 4.53431%; height: 34px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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; width: 7.96569%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,237,466)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,114,791)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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; width: 7.96569%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,078)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,505)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of contractual assets with customers &#8211; exclusive rights&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.63725%; height: 34px; background-color: #daeef3;">
<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; width: 7.96569%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(224,441)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(273,383)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 34px; background-color: #daeef3;">
<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: 51px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 51px;">
<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; width: 5.63725%; height: 51px;">
<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; width: 7.96569%; height: 51px; 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; width: 2.20588%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 51px; 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; width: 2.20588%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 51px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150,173</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 51px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100,942</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 51px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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: 7.96569%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">61,132,927</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,508,965</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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; 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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: 7.96569%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,344,264)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,278,154)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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; width: 7.96569%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(49,526,025)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(57,022,478)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 10px; background-color: #daeef3;">
<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; width: 5.63725%; height: 10px; background-color: #daeef3;">
<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: 7.96569%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">121,517</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,926,454)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,009,651)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 10px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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; width: 7.96569%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(35,038)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,007)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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: 7.96569%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">121,517</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(55,831,781)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(63,330,290)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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; width: 7.96569%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">121,517</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,301,146</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,178,675</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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: 7.96569%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,115)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(940,510)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(842,845)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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; width: 7.96569%; height: 17px; background-color: #daeef3; 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; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3; 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; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,487)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,134)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; 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: 5.63725%; 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; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,115)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(951,997)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(853,979)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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: 7.96569%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">116,402</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,349,149</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,324,696</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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; 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 34px; background-color: #daeef3;">
<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; width: 5.63725%; height: 34px; background-color: #daeef3;">
<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; width: 7.96569%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">503,960</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">627,153</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,515)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,295)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 34px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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; width: 7.96569%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">111,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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: 5.63725%; height: 17px; background-color: #daeef3;">
<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; width: 7.96569%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,850</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100,451</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3; border-bottom-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;">306,813</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3; border-bottom-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;">401,880</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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="border-top: 0.5pt solid #000000; 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;">537,810</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<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: bottom; width: 8.08824%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">727,604</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<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: bottom; width: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">358,445</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<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: bottom; width: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">495,446</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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: 7.96569%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">654,212</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">735,669</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3; border-bottom-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;">4,707,594</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3; border-bottom-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;">4,820,142</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; 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; width: 5.63725%; 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; 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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: 7.96569%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,657</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<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; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<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; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,432,270</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><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; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,609,804</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; 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; width: 5.63725%; 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; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,913</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">655</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,195,537</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px;">
<p style="margin: 0pt; 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: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,941,113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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: 7.96569%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; 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: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,583</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; 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: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">583,592</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; 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: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">598,616</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3;">
<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; width: 26.8382%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends distributed</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.63725%; 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; width: 7.96569%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">217,382</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; 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; width: 2.20588%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,903</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 17px; background-color: #daeef3;">
<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; width: 5.63725%; height: 17px; background-color: #daeef3;">
<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: 7.96569%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.08824%; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">422,680</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.28922%; height: 17px; background-color: #daeef3; border-bottom-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;">57</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3; border-bottom-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;">496,195</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.41176%; height: 17px; background-color: #daeef3; border-bottom-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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3; border-bottom-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;">451,706</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 4.53431%; height: 17px; background-color: #daeef3; border-bottom-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;">9</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 26.8382%; height: 18px;">
<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; width: 5.63725%; 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; width: 7.96569%; 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;">654,212</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; 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: 4.28922%; 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;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; 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: 8.08824%; 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;">735,669</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; 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: 4.28922%; 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;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; 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: 9.06863%; 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;">4,707,594</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; 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: 4.41176%; 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;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.20588%; 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: 9.19118%; 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;">4,820,142</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.32843%; 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: 4.53431%; 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;">100</font></p>
</td>
</tr>

</table>
<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-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>
<p style="margin: 0pt; text-align: justify;"><br></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'>15</font></font></td>
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</table>
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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'; font-size: 9pt;"><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: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; text-align: justify; line-height: 1;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B9_8A8Y3QQUNK00000000000000000000" class="customBookmark"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></a></div>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">1. 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; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman';"> S.A. (&#8220;</font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';">&#8221; or &#8220;Company&#8221;) is a publicly-traded company headquartered at the </font><font style="font-family: 'Times New Roman';">Brigadeiro</font><font style="font-family: 'Times New Roman';"> Luis Ant&#244;nio Avenue, 1343 in the city of S&#227;o Paulo &#8211; SP, Brazil, listed on B3 S.A. &#8211; </font><font style="font-family: 'Times New Roman';">Brasil</font><font style="font-family: 'Times New Roman';">, Bolsa, </font><font style="font-family: 'Times New Roman';">Balc&#227;o</font><font style="font-family: 'Times New Roman';"> (&#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></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 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;</font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">&#8221;), production and marketing of chemicals (&#8220;</font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';">&#8221;), and storage services for liquid bulk (&#8220;</font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';">&#8221;) and retail distribution of pharmaceutical, hygiene, beauty, and skincare products (&#8220;</font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';">&#8221;). </font><font style="font-family: 'Times New Roman';">The information about segments are disclosed in Note 32.</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; text-decoration: underline;">a. Clarifications on the impacts of COVID-19</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 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: 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;">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-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 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 </font><font style="font-family: 'Times New Roman';">realizes</font><font style="font-family: 'Times New Roman';"> several initiatives aimed at welfare, such as virtual meetings, psychological support and concern for ergonomics, following our principle of valuing people.</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;">Through a multidisciplinary committee, a plan for the gradual resumption of employees from administrative areas to offices was structured, due to adoption of 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'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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>
<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 management of the Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">finished</font><font style="font-family: 'Times New Roman';"> the third quarter of 2020 confirming the expectation that the worst moment of the crisis </font><font style="font-family: 'Times New Roman';">is over</font><font style="font-family: 'Times New Roman';">. The emergency measures and speed in </font><font style="font-family: 'Times New Roman';">answer</font><font style="font-family: 'Times New Roman';"> to the first effects of the crisis, as well as initiatives to support the supply chain, were effective </font><font style="font-family: 'Times New Roman';">to keep</font><font style="font-family: 'Times New Roman';"> the activities of the subsidiaries in operation, ensuring the delivery of essential services to the population and preserving the health of employees.</font></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'>16</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;">
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<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<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';">Remains uncertain</font><font style="font-family: 'Times New Roman';"> to what extent the quarterly information, after </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020, may </font><font style="font-family: 'Times New Roman';">still </font><font style="font-family: 'Times New Roman';">be affected by the commercial, operational and financi</font><font style="font-family: 'Times New Roman';">al impacts of the pandemic, because</font><font style="font-family: 'Times New Roman';"> it will depend on its duration and the impacts on economic activities, as w</font><font style="font-family: 'Times New Roman';">ell as government, business </font><font style="font-family: 'Times New Roman';">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></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-weight: bold; text-decoration: underline;">Operational impacts</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 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'; 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';">Ultragaz presented </font><font style="font-family: 'Times New Roman';">in the second quarter </font><font style="font-family: 'Times New Roman';">a </font><font style="font-family: 'Times New Roman';">reduction</font><font style="font-family: 'Times New Roman';"> in the volu</font><font style="font-family: 'Times New Roman';">me sold in the bulk segment, because</font><font style="font-family: 'Times New Roman';"> to the lower demand from industries and small and medium-sized companies</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> that were directly impacted by the social isolation measures. However, this effect was </font><font style="font-family: 'Times New Roman';">compensated </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">supply </font><font style="font-family: 'Times New Roman';">bases,</font><font style="font-family: 'Times New Roman';"> protection materials and</font><font style="font-family: 'Times New Roman';"> temporary workers, in addition to </font><font style="font-family: 'Times New Roman';">numerous </font><font style="font-family: 'Times New Roman';">donations to hospitals</font><font style="font-family: 'Times New Roman';"> focused in the pandemic</font><font style="font-family: 'Times New Roman';"> and needy communities</font><font style="font-family: 'Times New Roman';">. There was no record of an increase in defaults in the period.</font><font style="font-family: 'Times New Roman';"> In the third quarter, Ultragaz had a recovery in volume in the bulk segment, due the resumption of the industry, while sales in the bottled segment continued resilient, gradually returning to pre-pandemic levels.</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';">Ultracargo</font><font style="font-family: 'Times New Roman';"> recorded a lower movement of fuels</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the second quarter</font><font style="font-family: 'Times New Roman';">, due to the retraction in demand, and a reduction in spot contracts</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Addittionaly</font><font style="font-family: 'Times New Roman';">, approximately </font><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">$ 2 million </font><font style="font-family: 'Times New Roman';">was recorded </font><font style="font-family: 'Times New Roman';">in extra expenses with protective materials and donations.</font><font style="font-family: 'Times New Roman';"> The performance of measures to increase productivity and recover tax credits contributed to the improvement in results in the </font><font style="font-family: 'Times New Roman';">second </font><font style="font-family: 'Times New Roman';">quarter.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">In the third quarter, </font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';">&nbsp;showed an increase in product </font><font style="font-family: 'Times New Roman';">movement</font><font style="font-family: 'Times New Roman';">&nbsp;and m<sup>3</sup> invoiced compared to the previous quarter.</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';">At </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';">, the paint, automotive and oil &amp; gas segments suffered a retraction in demand</font><font style="font-family: 'Times New Roman';"> in the second quarter</font><font style="font-family: 'Times New Roman';">, an effect that was partially </font><font style="font-family: 'Times New Roman';">compensated</font><font style="font-family: 'Times New Roman';"> by the higher sales volume in the Home &amp; Personal Care and Crop Solutions segments. To minimize the effects of the pand</font><font style="font-family: 'Times New Roman';">emic, </font><font style="font-family: 'Times New Roman';">Oxiteno's</font><font style="font-family: 'Times New Roman';"> management operated</font><font style="font-family: 'Times New Roman';"> quickly in measures to limit costs and expenses, contributing to an improvement in results.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">In the third quarter, </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">had</font><font style="font-family: 'Times New Roman';"> a recovery in sales volume for the automotive fluids, paint and varnishes with maintenance of increasing volumes for the hygiene and beauty sector.</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';">Ipiranga</font><font style="font-family: 'Times New Roman';"> was the business most impacted by the crisis due to the measures of social distance. In April, volumes sold for the Otto cyc</font><font style="font-family: 'Times New Roman';">le and diesel registered a reduction </font><font style="font-family: 'Times New Roman';">of 37% and 17%, respectively, compared to</font><font style="font-family: 'Times New Roman';"> the same period of the last</font><font style="font-family: 'Times New Roman';"> year. In May and June, volumes sold improved </font><font style="font-family: 'Times New Roman';">gradually </font><font style="font-family: 'Times New Roman';">compared to April. In addition, the strong volatility in the prices of oil and oil products since the end of M</font><font style="font-family: 'Times New Roman';">arch, combined with </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';"> abrupt fall</font><font style="font-family: 'Times New Roman';"> in the price of ethanol in April, caused significant </font><font style="font-family: 'Times New Roman';">inventories </font><font style="font-family: 'Times New Roman';">losses in the quarter. To mitigate the</font><font style="font-family: 'Times New Roman';">se effects, </font><font style="font-family: 'Times New Roman';">the company and their subsidiaries</font><font style="font-family: 'Times New Roman';"> realized</font><font style="font-family: 'Times New Roman';"> 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><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">In the third quarter, </font><font style="font-family: 'Times New Roman';">it is observed</font><font style="font-family: 'Times New Roman';"> a gradual evolution in the volumes sold of fuels over the quarter and an improvement in the operating environment, which enabled a significant recovery of the results compared to the second quarter.</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'>17</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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 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';">Extrafarma</font><font style="font-family: 'Times New Roman';"> presented a reduction in revenues </font><font style="font-family: 'Times New Roman';">approximately</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';">45</font><font style="font-family: 'Times New Roman';"> million</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the second quarter</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">mainly </font><font style="font-family: 'Times New Roman';">due to the temporary closure of stores located in </font><font style="font-family: 'Times New Roman';">m</font><font style="font-family: 'Times New Roman';">alls, and of the reduction of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">operation</font><font style="font-family: 'Times New Roman';"> hours</font><font style="font-family: 'Times New Roman';"> in stores that remained</font><font style="font-family: 'Times New Roman';"> open</font><font style="font-family: 'Times New Roman';">. To oppose</font><font style="font-family: 'Times New Roman';"> this e</font><font style="font-family: 'Times New Roman';">ffect, sales were implemented through</font><font style="font-family: 'Times New Roman';"> alternative delivery channels and partners</font><font style="font-family: 'Times New Roman';">hips with delivery applications.</font><font style="font-family: 'Times New Roman';"> In addition, the extension of </font><font style="font-family: 'Times New Roman';">Provisional Measure</font><font style="font-family: 'Times New Roman';"> 936 by the government, involving the suspension of contracts and </font><font style="font-family: 'Times New Roman';">temporary </font><font style="font-family: 'Times New Roman';">reduction in wages, </font><font style="font-family: 'Times New Roman';">other internal productivity gain initiatives, </font><font style="font-family: 'Times New Roman';">contributed to the </font><font style="font-family: 'Times New Roman';">reduction </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">expenses </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> the amount of R$ </font><font style="font-family: 'Times New Roman';">8 </font><font style="font-family: 'Times New Roman';">million</font><font style="font-family: 'Times New Roman';">, minimizing the impact on the quarter&#8217;s result</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 the third quarter, </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';">&nbsp;reopened the stores located in malls, contributing to an increase in revenue and cost dilution.</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-weight: bold; text-decoration: underline;">Main risks and associated measures</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';">Credit risk - the subsidiary </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> implemented a help package for </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> resellers, including anticipation of sales credits through the </font><font style="font-family: 'Times New Roman';">Abastece</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">A&#237;</font><font style="font-family: 'Times New Roman';"> application, postponement of lease and financing payments and temporary suspension of volume performance </font><font style="font-family: 'Times New Roman';">clauses. These actions</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">softened</font><font style="font-family: 'Times New Roman';"> the impacts of the pandemic on your clients' financial condition and, consequently, mitigated its potential effects on </font><font style="font-family: 'Times New Roman';">Ipiranga's</font><font style="font-family: 'Times New Roman';"> default</font><font style="font-family: 'Times New Roman';"> rates. The effects of expected losses on doubtful accounts</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of and the </font><font style="font-family: 'Times New Roman';">nine</font><font style="font-family: 'Times New Roman';">-month period</font><font style="font-family: 'Times New Roman';"> ended </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020 are disclosed in </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">otes 5 and 33.d.</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';">Risk of impairment and intangible assets of indefinite useful life - the Company reviewed the projections used in impairment tests and assets allocated to cash</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">generati</font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020.</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';">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 </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> 2020.</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';">Risks in financial instruments - the increase in volatility in financial markets may impact financial results according to sensitivity analyzes presented in </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">ote 33.</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';">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 </font><font style="font-family: 'Times New Roman';">start</font><font style="font-family: 'Times New Roman';"> April 2020, the Company and </font><font style="font-family: 'Times New Roman';">the subsidiary IPP contracted R</font><font style="font-family: 'Times New Roman';">$ 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></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 July 2020, the Company reopened </font><font style="font-family: 'Times New Roman';">bonds issued on the market</font><font style="font-family: 'Times New Roman';"> maturing in 2029 and raised US</font><font style="font-family: 'Times New Roman';">$ 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></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'>18</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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The management of the Company and its </font><font style="font-family: 'Times New Roman';">subsidiaries maintained</font><font style="font-family: 'Times New Roman';"> discipline in </font><font style="font-family: 'Times New Roman';">control of </font><font style="font-family: 'Times New Roman';">costs and expenses to preserve cash in all business and selectivity in the allocation of capital. As a result, the Company had a quarter of strong operating cash generation, with reduced leverage, reinforcing its commitment to financial strength and demonstrating&nbsp;the resilience of our portfolio.</font></font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">2. Presentation </font><font style="font-family: 'Times New Roman'; font-weight: bold;">of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nterim </font><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nformation</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ummary </font><font style="font-family: 'Times New Roman'; font-weight: bold;">of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ignificant </font><font style="font-family: 'Times New Roman'; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ccounting </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">olicies </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';">p</font><font style="font-family: 'Times New Roman';">arent</font><font style="font-family: 'Times New Roman';">&#8217;s separate</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> consolidated </font><font style="font-family: 'Times New Roman';">interim financial information (&#8220;interim financial information&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">were prepared</font><font style="font-family: 'Times New Roman';"> in accordance with </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">International Accounting Standard (&#8220;IAS&#8221;) 34 &#8211; Interim Financial Reporting</font><font style="font-family: 'Times New Roman';"> issued by the International Accounting Standards Board (&#8220;IASB&#8221;) and </font><font style="font-family: 'Times New Roman';">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></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';">All relevant </font><font style="font-family: 'Times New Roman';">specific </font><font style="font-family: 'Times New Roman';">information </font><font style="font-family: 'Times New Roman';">of the </font><font style="font-family: 'Times New Roman';">interim financial </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';"> and only this information, </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> presented and correspond to </font><font style="font-family: 'Times New Roman';">that </font><font style="font-family: 'Times New Roman';">used by the Company&#8217;s and</font><font style="font-family: 'Times New Roman';"> its</font><font style="font-family: 'Times New Roman';"> subsidiaries&#8217; Management.</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';">The presentation currency of the Company&#8217;s </font><font style="font-family: 'Times New Roman';">interim financial information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is the Brazilian Real (&#8220;R$&#8221;), which is the Company&#8217;s functional 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 applied the accounting policies described below in a consistent manner for all periods presented in this </font><font style="font-family: 'Times New Roman';">interim financial 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>
<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;">Recognition of revenue</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';">Revenue</font><font style="font-family: 'Times New Roman';"> of sales and services</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">rendered is measured at the value of the consideration that the Company's subsidiaries expect to be entitled to, net of sales returns, discounts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> amortization of </font><font style="font-family: 'Times New Roman';">contractual assets with customers </font><font style="font-family: 'Times New Roman';">and other deduction</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">, if applicable, being recognized as the entity fulfills its performance obligation.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">At </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">, the r</font><font style="font-family: 'Times New Roman';">evenue from sales of fuels and lubricants is recognized when the products are delivered to gas stations and to large consumers. </font><font style="font-family: 'Times New Roman';">At Ultragaz, r</font><font style="font-family: 'Times New Roman';">evenue from sales </font><font style="font-family: 'Times New Roman';">of LPG </font><font style="font-family: 'Times New Roman';">is recognized when the products are delivered to customers at home, to independent dealers and to industrial and commercial customers. </font><font style="font-family: 'Times New Roman';">At </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';">, the r</font><font style="font-family: 'Times New Roman';">evenue from sales of</font><font style="font-family: 'Times New Roman';"> pharmaceutical</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> is recognized when the products are delivered to end </font><font style="font-family: 'Times New Roman';">user </font><font style="font-family: 'Times New Roman';">customers</font><font style="font-family: 'Times New Roman';"> in own drugstores and when the</font><font style="font-family: 'Times New Roman';"> products</font><font style="font-family: 'Times New Roman';"> are delivered to independent resellers. </font><font style="font-family: 'Times New Roman';">At </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';">, the r</font><font style="font-family: 'Times New Roman';">evenue </font><font style="font-family: 'Times New Roman';">from sales </font><font style="font-family: 'Times New Roman';">of chemical products is recognized when the products are delivered to </font><font style="font-family: 'Times New Roman';">industrial</font><font style="font-family: 'Times New Roman';"> customers, </font><font style="font-family: 'Times New Roman';">depending of</font><font style="font-family: 'Times New Roman';"> the freight mode of delivery. </font><font style="font-family: 'Times New Roman';">At </font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';">, t</font><font style="font-family: 'Times New Roman';">he revenue provided </font><font style="font-family: 'Times New Roman';">from </font><font style="font-family: 'Times New Roman';">storage services is recognized </font><font style="font-family: 'Times New Roman';">as </font><font style="font-family: 'Times New Roman';">services</font><font style="font-family: 'Times New Roman';"> are performed</font><font style="font-family: 'Times New Roman';">. The </font><font style="font-family: 'Times New Roman';">breakdown</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of revenue</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> from</font><font style="font-family: 'Times New Roman';"> sales and services</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';"> shown in N</font><font style="font-family: 'Times New Roman';">ote</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';">6</font><font style="font-family: 'Times New Roman';"> and 3</font><font style="font-family: 'Times New Roman';">2</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';">Amortization of contract</font><font style="font-family: 'Times New Roman';">ual</font><font style="font-family: 'Times New Roman';"> assets</font><font style="font-family: 'Times New Roman';"> with customers</font><font style="font-family: 'Times New Roman';"> for the exclusive rights in </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">&#8217;</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';">reseller service stations </font><font style="font-family: 'Times New Roman';">and the bonus</font><font style="font-family: 'Times New Roman';">es paid in performance obligation sales</font><font style="font-family: 'Times New Roman';"> are recognized </font><font style="font-family: 'Times New Roman';">in the income statement </font><font style="font-family: 'Times New Roman';">as a </font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';">eduction of the revenue </font><font style="font-family: 'Times New Roman';">from sale </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">ccord</font><font style="font-family: 'Times New Roman';">ing to </font><font style="font-family: 'Times New Roman';">the conditions established in the </font><font style="font-family: 'Times New Roman';">agreements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">whic</font><font style="font-family: 'Times New Roman';">h is </font><font style="font-family: 'Times New Roman';">reviewed as </font><font style="font-family: 'Times New Roman';">per the </font><font style="font-family: 'Times New Roman';">changes </font><font style="font-family: 'Times New Roman';">occurred </font><font style="font-family: 'Times New Roman';">in </font><font style="font-family: 'Times New Roman';">the agreements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(see Notes 2.f and 11)</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 am/pm franchising upfront fee received by </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> 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 2</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.a.</font></font></p>
<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'>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>
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<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; 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'; 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';">Costs of products </font><font style="font-family: 'Times New Roman';">sold</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and services provided include goods (mainly fuels</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">lubricants</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> LPG</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and pharmaceutical</font><font style="font-family: 'Times New Roman';"> products</font><font style="font-family: 'Times New Roman';">), raw materials (chemicals and petrochemicals) and production, distribution, 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';">fulfillment</font><font style="font-family: 'Times New Roman';"> costs.</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';">Exchange variations and the results of derivative financial instruments are presented in the statement of </font><font style="font-family: 'Times New Roman';">profit and loss</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';"> financial expenses.</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';">Research and development expenses are recognized in the statements of profit or loss </font><font style="font-family: 'Times New Roman';">in general and administrative</font><font style="font-family: 'Times New Roman';"> expenses</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and amounted to R$ </font><font style="font-family: 'Times New Roman';">44</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">829</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';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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';">R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">44,793</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';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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 style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-indent: 0px;"><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;">Cash and </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;">ash </font><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;">quivalents</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';">Include</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> cash, banks deposits</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and short-term</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> highly</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">liquid investments that are readily convertible into a known amount of cash and are subject to an insignificant risk of change in value. </font><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">or further </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';">on &#8218;cash and cash equivalents of the Company and its subsidiaries</font><font style="font-family: 'Times New Roman';">, see Note 4.a</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;">c. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Financial assets</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>
<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</font><font style="font-family: 'Times New Roman';"> evaluated the classification and measurement of financial assets</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">based on its business</font><font style="font-family: 'Times New Roman';"> model</font><font style="font-family: 'Times New Roman';"> of financial assets</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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<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; padding-left: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Amortized cost: financial assets held </font><font style="font-family: 'Times New Roman';">in order to collect</font><font style="font-family: 'Times New Roman';"> contractual </font><font style="font-family: 'Times New Roman';">cash </font><font style="font-family: 'Times New Roman';">flows, </font><font style="font-family: 'Times New Roman';">solely</font><font style="font-family: 'Times New Roman';"> 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.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Financial</font><font style="font-family: 'Times New Roman';"> investments </font><font style="font-family: 'Times New Roman';">in guarantee of</font><font style="font-family: 'Times New Roman';"> loans are classified as amortized cost.</font></font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; 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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at fair value through other comprehensive income: financial assets that are acquired or originated for the purpose of </font><font style="font-family: 'Times New Roman';">collecting</font><font style="font-family: 'Times New Roman';"> contractual cash flows or </font><font style="font-family: 'Times New Roman';">selling financial assets</font><font style="font-family: 'Times New Roman';">. The balances are stated at fair value, and the interest earned</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and the foreign currency exchange variation are recognized in profit or loss. Differences between fair value and </font><font style="font-family: 'Times New Roman';">initial amount of financial investments</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">plus the interest earned are recognized</font><font style="font-family: 'Times New Roman';"> in equity</font><font style="font-family: 'Times New Roman';"> 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</font><font style="font-family: 'Times New Roman';"> of Deposit</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';">CDB</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">) and repurchase agreements are classified as measured at fair value through other comprehensive income.</font></font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at fair value through profit or loss: financial assets<font>&nbsp;</font>that were<font>&nbsp;</font>not classified as amortized cost or measured at fair value through other comprehensive income.<font>&nbsp;</font>The balances<font>&nbsp;</font>are stated at fair value and both<font>&nbsp;</font>the interest<font>&nbsp;</font>earned and<font>&nbsp;</font>the<font>&nbsp;</font>exchange variations and changes in fair value are recognized<font>&nbsp;</font>in the income statement. Investment funds and derivatives<font>&nbsp;</font>are classified as measured at fair value through profit or loss.</font></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>
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<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></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 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'; 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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Hedge accounting &#8211; 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 </font><font style="font-family: 'Times New Roman';">statements of </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">the statements of </font><font style="font-family: 'Times New Roman';">profit or loss. The hedge accounting </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> discontinued when the hedge becomes ineffective.</font></font></li>
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<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-indent: 0px;"><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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Hedge accounting &#8211; 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 </font><font style="font-family: 'Times New Roman';">or firm commitment </font><font style="font-family: 'Times New Roman';">that may affect the </font><font style="font-family: 'Times New Roman';">statements of profit or loss</font><font style="font-family: 'Times New Roman';">. 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 </font><font style="font-family: 'Times New Roman';">the statements of </font><font style="font-family: 'Times New Roman';">profit or loss. Gain or loss on the hedging instrument relating to the effective portion of this hedge that had been recognized directly in accumulated other comprehensive income </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> discontinued when (</font><font style="font-family: 'Times New Roman';">i</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 hedging relationship</font><font style="font-family: 'Times New Roman';"> is canceled</font><font style="font-family: 'Times New Roman';">; (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 </font><font style="font-family: 'Times New Roman';">in equity</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in other comprehensive income are reclassified to </font><font style="font-family: 'Times New Roman';">the statements of </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">in equity</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in other comprehensive income </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> recognized immediately in profit or loss.</font></font></li>
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<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; 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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Hedge accounting - hedge of net investments in foreign operation: financial instruments used to hedge exposure on net investments in foreign subsidiaries </font><font style="font-family: 'Times New Roman';">due to the fact that</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">the statements of </font><font style="font-family: 'Times New Roman';">profit or loss. The gain or loss on the hedging instrument that has been recognized directly in accumulated other comprehensive income </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> recognized in </font><font style="font-family: 'Times New Roman';">the statements of profit or loss</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">when the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">disposal of the foreign </font><font style="font-family: 'Times New Roman';">subsidiary occur</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">.</font></font></li>
</ul>
<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 </font><font style="font-family: 'Times New Roman';">information on </font><font style="font-family: 'Times New Roman';">financial instruments, 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';">.</font></font></p>
<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'>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>
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<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></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;">Trade receivables and reseller financing</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Trade receivables are recognized at the amount invoiced</font><font style="font-family: 'Times New Roman';"> of the counterparty that the Company subsidiaries are entitled</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(see Notes 5 and 3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.d.3)</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';">expected</font><font style="font-family: 'Times New Roman';"> losses take into account, </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 style="font-family: 'Times New Roman';">at the initial recognition of the contract, the expect</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> losses for the next 12 months </font><font style="font-family: 'Times New Roman';">or</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';">the life</font><font style="font-family: 'Times New Roman';">time</font><font style="font-family: 'Times New Roman';"> of the contract </font><font style="font-family: 'Times New Roman';">considering</font><font style="font-family: 'Times New Roman';"> the deterioration or improvement of the </font><font style="font-family: 'Times New Roman';">customers&#8217; </font><font style="font-family: 'Times New Roman';">credit quality</font><font style="font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Times New Roman';">and its </font><font style="font-family: 'Times New Roman';">characteristics in each business segment</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> The amount</font><font style="font-family: 'Times New Roman';"> of the </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">credit losses</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is deemed by management to be </font><font style="font-family: 'Times New Roman';">sufficient</font><font style="font-family: 'Times New Roman';"> to cover any probable loss on realization of 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>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><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;">Inventories</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Inventories are stated at the lower of acquisition cost or net realizable value</font><font style="font-family: 'Times New Roman';"> (see Note 6)</font><font style="font-family: 'Times New Roman';">. The cost value of inventory is measured using the weighted average cost and includes the costs of acquisition and processing directly </font><font style="font-family: 'Times New Roman';">and indirectly </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or supplies that (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) do not meet its subsidiaries&#8217; specifications, (ii) have exceeded their expiration date</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or (iii) are considered slow-moving inventory. This classification is made by management with the support of its industrial </font><font style="font-family: 'Times New Roman';">and 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';">team</font><font style="font-family: 'Times New Roman';">s</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;">f. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Contractual assets with customers &#8211; exclusive rights</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';">Exclusive rights disbursements as provided in </font><font style="font-family: 'Times New Roman';">Ipiranga&#8217;s</font><font style="font-family: 'Times New Roman';"> agreements with reseller service stations and major consumers are recognized as </font><font style="font-family: 'Times New Roman';">contractual assets</font><font style="font-family: 'Times New Roman';"> when paid and amortized according to the conditions established in the agreements (see Note </font><font style="font-family: 'Times New Roman';">2.a and </font><font style="font-family: 'Times New Roman';">11).</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;">g. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Investments</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';">Investments in subsidiaries are accounted for under the equity method of accounting in the </font><font style="font-family: 'Times New Roman';">interim financial information </font><font style="font-family: 'Times New Roman';">of the parent</font><font style="font-family: 'Times New Roman';">&#8217;s separate</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">has the ability to</font><font style="font-family: 'Times New Roman';"> interfere in its financial and operational activities. Usually the equity interest in a subsidiary is more than 50%.</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';">Investments in associates and joint ventures are accounted for under the equity method of accounting in the </font><font style="font-family: 'Times New Roman';">interim financial information</font><font style="font-family: 'Times New Roman';"> (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></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;">Other investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary.</font></p>
<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'>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>
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<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">Right to use assets and lease payable</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';">Company and its </font><font style="font-family: 'Times New Roman';">subsidiaries recognized in the financial position, a right to use assets and the </font><font style="font-family: 'Times New Roman';">respective lease</font><font style="font-family: 'Times New Roman';"> liabilities</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">initially measured at the present value of future lease payments, considering the related contract costs (see Note 13). </font><font style="font-family: 'Times New Roman';">The amortization expenses of right to use assets is recognized in statement of profit or loss </font><font style="font-family: 'Times New Roman';">over the lease contract term</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> The Company and its subsidiaries have no intention of purchasing the underlying asset.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The liability is increased for interest and </font><font style="font-family: 'Times New Roman';">decreased by lease</font><font style="font-family: 'Times New Roman';"> payments</font><font style="font-family: 'Times New Roman';"> made</font><font style="font-family: 'Times New Roman';">. The </font><font style="font-family: 'Times New Roman';">interests</font><font style="font-family: 'Times New Roman';"> are recognized in the statement of profit or loss using the effective interest rate method.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';">, considering, if it is the case, any penalties provided in contractual clauses. The Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">periodically </font><font style="font-family: 'Times New Roman';">review the existence of an indication that the righ</font><font style="font-family: 'Times New Roman';">ts to use assets may </font><font style="font-family: 'Times New Roman';">be impaired</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.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';">Right to use assets include amo</font><font style="font-family: 'Times New Roman';">u</font><font style="font-family: 'Times New Roman';">nts related to </font><font style="font-family: 'Times New Roman';">area port leases</font><font style="font-family: 'Times New Roman';"> grants (see Note 3</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">.c)</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 </font><font style="font-family: 'Times New Roman';">Company and its </font><font style="font-family: 'Times New Roman';">subsidiaries </font><font style="font-family: 'Times New Roman';">apply </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">recognition&#8217;s </font><font style="font-family: 'Times New Roman';">exemptions </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">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></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;">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;">Property, plant, and equipment</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';">Property, plant</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and equipment </font><font style="font-family: 'Times New Roman';">(&#8220;PP&amp;E&#8221;) </font><font style="font-family: 'Times New Roman';">is recognized at acquisition or construction cost, including financial charges incurred on </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> under construction, as well as </font><font style="font-family: 'Times New Roman';">qualifying</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">maintenance costs resulting from scheduled plant outages and estimated costs to remove, to decommission</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or to restore assets (see Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">n</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';">2</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';">less </font><font style="font-family: 'Times New Roman';">accumulated depreciation and, when applicable, </font><font style="font-family: 'Times New Roman';">less</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">provision for </font><font style="font-family: 'Times New Roman';">losses</font><font style="font-family: 'Times New Roman';"> (see Note 1</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>
<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';">Depreciation is calculated using the straight-line method, </font><font style="font-family: 'Times New Roman';">over </font><font style="font-family: 'Times New Roman';">the periods mentioned in Note 1</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';">taking into account</font><font style="font-family: 'Times New Roman';"> the </font><font style="font-family: 'Times New Roman';">estimated </font><font style="font-family: 'Times New Roman';">useful li</font><font style="font-family: 'Times New Roman';">ves</font><font style="font-family: 'Times New Roman';"> of the assets, which are reviewed annually.</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;">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'; 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;">j. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Intangible </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</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;">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; text-align: justify;"><font style="font-family: 'Times New Roman'; 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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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></li>
</ul>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; 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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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></li>
</ul>
<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>
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<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></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 have not recognized intangible assets that were </font><font style="font-family: 'Times New Roman';">generated</font><font style="font-family: 'Times New Roman';"> internally. </font><font style="font-family: 'Times New Roman';">The Company and its subsidiaries have goodwill and brands acquired in business combination</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">, which are evaluated as intangible assets with indefinite useful life (see Note 1</font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';"> items </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">e</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;">k. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Other assets</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;">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>
<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;">l. </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;">l</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">iabilities</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 liabilities include trade payables and other payables, loans, debentures</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">leases</font><font style="font-family: 'Times New Roman';"> payable</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';">derivative financial </font><font style="font-family: 'Times New Roman';">instruments. Financial liabilities are classified as &#8220;financial liabilities at fair value through profit or loss&#8221; or &#8220;financial liabilities at amorti</font><font style="font-family: 'Times New Roman';">z</font><font style="font-family: 'Times New Roman';">ed cost&#8221;. The financial liabilities at fair value through profit or loss refer to derivative financial instruments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">subscription warrants</font><font style="font-family: 'Times New Roman';"> - indemnification</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">and financial liabilities designated as hedged items in a fair value hedge relationship upon initial recognition (see Note 2.c &#8211; </font><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">air </font><font style="font-family: 'Times New Roman';">V</font><font style="font-family: 'Times New Roman';">alue </font><font style="font-family: 'Times New Roman';">H</font><font style="font-family: 'Times New Roman';">edge). The financial liabilities at amorti</font><font style="font-family: 'Times New Roman';">z</font><font style="font-family: 'Times New Roman';">ed cost are stated at the initial transaction amount plus related charges and </font><font style="font-family: 'Times New Roman';">net of amortization and </font><font style="font-family: 'Times New Roman';">transaction costs. The charges are recognized in </font><font style="font-family: 'Times New Roman';">the statement of </font><font style="font-family: 'Times New Roman';">profit or loss using the effective interest rate method.</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';">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 </font><font style="font-family: 'Times New Roman';">in the statement of</font><font style="font-family: 'Times New Roman';"> profit or loss </font><font style="font-family: 'Times New Roman';">taking into</font><font style="font-family: 'Times New Roman';"> its term,</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">using the effective interest rate method</font><font style="font-family: 'Times New Roman';"> (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';">h</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'; font-style: italic; font-weight: bold;">m. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Income and </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;">ocial </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 on </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;">ncome</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';">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</font><font style="font-family: 'Times New Roman';">. For the calculation of current IRPJ</font><font style="font-family: 'Times New Roman';">, the value of tax incentives</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> also considered</font><font style="font-family: 'Times New Roman';">. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last day of the </font><font style="font-family: 'Times New Roman';">interim financial information</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The current rates in Brazil are 25% for </font><font style="font-family: 'Times New Roman';">IRPJ</font><font style="font-family: 'Times New Roman';"> and 9% for </font><font style="font-family: 'Times New Roman';">CSLL</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">For further </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';">about recognition and realization of IRPJ and CSLL, see Note 9.</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';">For purposes of disclosure, deferred tax assets were offset against the deferred tax liability, </font><font style="font-family: 'Times New Roman';">IRPJ</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">CSLL</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';"> the same taxable entity and the same tax authority.</font></font></p>
<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'>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>
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<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">n. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Provision for </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;">sset </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;">et</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;">rement </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">o</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">bligation &#8211; </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;">uel </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;">anks</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 subsidiar</font><font style="font-family: 'Times New Roman';">y </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> ha</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> the legal obligation to remove </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> underground fuel tanks </font><font style="font-family: 'Times New Roman';">owned by</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';">-branded </font><font style="font-family: 'Times New Roman';">located at </font><font style="font-family: 'Times New Roman';">service stations after a certain period. The estimated cost of the obligation to remove these fuel tanks is recognized as a liability when </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">tanks are installed. The estimated cost is recognized in </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> and depreciated over the respective useful li</font><font style="font-family: 'Times New Roman';">ves</font><font style="font-family: 'Times New Roman';"> of the tanks. The amounts recognized as a liability </font><font style="font-family: 'Times New Roman';">accrue interest</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">using the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Amplified</font><font style="font-family: 'Times New Roman';"> Consumer Price Index </font><font style="font-family: 'Times New Roman';">(&#8220;</font><font style="font-family: 'Times New Roman';">IPCA</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';">until the tank is removed (see Note</font><font style="font-family: 'Times New Roman';"> 2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">). The estimated removal cost is reviewed and updated annually or when there is significant change in its amount</font><font style="font-family: 'Times New Roman';"> and change in the estimated cost</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> are recognized in </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 they become known</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;">o. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Provisions for </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, </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;">ivil, 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;">abor </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';">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 </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">evaluation of the outcomes of the legal proceedings (see Note </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">2</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;">p. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Post-</font><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;">mployment </font><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;">enefits</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';">Post-employment benefits granted and to be granted to employees, retirees, and pensioners are based on an actuarial calculation prepared by an independent actuary</font><font style="font-family: 'Times New Roman';"> and reviewed by management</font><font style="font-family: 'Times New Roman';">, using the projected unit credit method (see Note </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">.b). The actuarial gains and losses are recognized in </font><font style="font-family: 'Times New Roman';">equity in </font><font style="font-family: 'Times New Roman';">cumulative </font><font style="font-family: 'Times New Roman';">other comprehensive income</font><font style="font-family: 'Times New Roman';"> in the &#8220;Valuation adjustments&#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>
<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;">q. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Other </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</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';">Other liabilities are stated at known or measurable amounts and changes in exchange rates incurred. When applicable, other liabilities are recognized at present value</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> based on interest rates that reflect the term, currency</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and risk of each transaction.</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;">r. </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;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">urrency </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;">ransactions</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';">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 </font><font style="font-family: 'Times New Roman';">date</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';"> </font><font style="font-family: 'Times New Roman';">interim financial information</font><font style="font-family: 'Times New Roman';">. The effect of the difference between those exchange rates is recognized in </font><font style="font-family: 'Times New Roman';">financial results</font><font style="font-family: 'Times New Roman';"> until the conclusion of each transaction.</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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<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>
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<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">s. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Basis for </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 of </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;">nterim </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;">nformation 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;">oreign </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;">ubsidiaries</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;">s.1 Subsidiaries with administrative autonomy</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';">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 </font><font style="font-family: 'Times New Roman';">date of the </font><font style="font-family: 'Times New Roman';">interim financial information</font><font style="font-family: 'Times New Roman';">. Revenues and expenses are translated using the average exchange rate of each </font><font style="font-family: 'Times New Roman';">year</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and equity </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> translated at the historic</font><font style="font-family: 'Times New Roman';">al</font><font style="font-family: 'Times New Roman';"> exchange rate of each transaction affecting equity. Gains and losses resulting from changes in these foreign investments are directly recognized in equity </font><font style="font-family: 'Times New Roman';">in cumulative other comprehensive income in the &#8220;</font><font style="font-family: 'Times New Roman';">cumulative translation adjustments</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';"> and will be recognized in profit or loss if these investments are disposed of. The balance in </font><font style="font-family: 'Times New Roman';">cumulative </font><font style="font-family: 'Times New Roman';">other comprehensive income </font><font style="font-family: 'Times New Roman';">on </font><font style="font-family: 'Times New Roman';">September</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';">, 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';">was a </font><font style="font-family: 'Times New Roman';">gain </font><font style="font-family: 'Times New Roman';">of R$ </font><font style="font-family: 'Times New Roman';">301,105</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(gain of R$ </font><font style="font-family: 'Times New Roman';">102,427</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on December 31, 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';"> see Note 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></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 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'; 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: 8pt; font-weight: bold; text-decoration: underline;">Subsidiary</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; text-decoration: underline;">Functional currency</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; text-decoration: underline;">Location</font></p>
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<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno M&#233;xico S.A. de C.V.</font></p>
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<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: center; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
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<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: center; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</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';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">Oxiteno </font><font style="font-family: 'Times New Roman';">Servicios</font><font style="font-family: 'Times New Roman';"> Corporativos S.A. de C.V.</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
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<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';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">Oxiteno </font><font style="font-family: 'Times New Roman';">Servicios</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Industriales</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';">de C.V.</font></font></p>
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<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: center; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
</td>
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<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: center; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</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';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> USA LLC</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">U.S. Dollar</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States</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';">Oxiteno </font><font style="font-family: 'Times New Roman';">Uruguay</font><font style="font-family: 'Times New Roman';"> S.A. (i)</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">U.S. Dollar</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</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 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 8pt;"><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 style="font-family: 'Times New Roman';">The subsidiary </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Uruguay S.A. (&#8220;</font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Uruguay&#8221;) determined its functional currency as the U.S. dollar</font><font style="font-family: 'Times New Roman';"> (&#8220;US$&#8221;)</font><font style="font-family: 'Times New Roman';">, as its </font><font style="font-family: 'Times New Roman';">inventory </font><font style="font-family: 'Times New Roman';">sales, purchases of </font><font style="font-family: 'Times New Roman';">raw material inputs</font><font style="font-family: 'Times New Roman';">, and financing activities are performed substantially in this 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'; font-style: italic; font-weight: bold;">s.2 Subsidiaries without </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">self-</font><font style="font-family: 'Times New Roman'; 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'; 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';">Assets and liabilities of the other foreign subsidiaries, which do not have administrative autonomy, are considered an </font><font style="font-family: 'Times New Roman';">extension</font><font style="font-family: 'Times New Roman';"> of the activities of their parent company and are translated using the exchange rate at the </font><font style="font-family: 'Times New Roman';">date of the </font><font style="font-family: 'Times New Roman';">interim financial information. Gains and losses resulting from changes in these foreign investments are directly recognized as financial </font><font style="font-family: 'Times New Roman';">result</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 </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';">recognized in </font><font style="font-family: 'Times New Roman';">income </font><font style="font-family: 'Times New Roman';">for the </font><font style="font-family: 'Times New Roman';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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';">amounted to R$ </font><font style="font-family: 'Times New Roman';">40,747</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</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';">of R$ </font><font style="font-family: 'Times New Roman';">5,005</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';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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;">t. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Use of </font><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;">stimates, </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;">ssumptions and </font><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;">udgments</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 preparation of the </font><font style="font-family: 'Times New Roman';">interim financial information </font><font style="font-family: 'Times New Roman';">requires the use of estimates, assumptions</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and judgments for the accounting and disclosure of certain assets, liabilities</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';">profit or loss</font><font style="font-family: 'Times New Roman';">. Therefore, </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Company and subsidiaries&#8217; management use the best information available at the </font><font style="font-family: 'Times New Roman';">date</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of preparation of the </font><font style="font-family: 'Times New Roman';">interim financial information</font><font style="font-family: 'Times New Roman';">, as well as the experience of past and current events, also considering assumptions regarding future events. The estimates and assumptions are reviewed periodically</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; 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'; 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';">Information on the judgments is included: in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">determin</font><font style="font-family: 'Times New Roman';">ation of</font><font style="font-family: 'Times New Roman';"> control </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> subsidiaries (Notes 2.g, 2.s.1, 3 and 12.a), </font><font style="font-family: 'Times New Roman';">the determination of </font><font style="font-family: 'Times New Roman';">joint control </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> joint venture (Notes 2.g, 12.a and 12.b)</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';">the </font><font style="font-family: 'Times New Roman';">determin</font><font style="font-family: 'Times New Roman';">ation</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';">significant influence </font><font style="font-family: 'Times New Roman';">in associates </font><font style="font-family: 'Times New Roman';">(Notes 2.g and 12.c).</font></font><br></p>
<p style="margin: 0pt; text-align: justify;"><br></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="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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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;">t.2 Uncertainties </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">related to the</font><font style="font-family: 'Times New Roman'; 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'; 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 information regarding uncertainties related to the assumptions and estimates are included: in </font><font style="font-family: 'Times New Roman';">determining the fair value of financial instruments (Notes </font><font style="font-family: 'Times New Roman';">2.c, 2.</font><font style="font-family: 'Times New Roman';">l</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">4, 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';"> and </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';">), the determination of the </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">doubtful accounts (Note</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';">2.d, </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';"> and </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';">.d.3</font><font style="font-family: 'Times New Roman';">), </font><font style="font-family: 'Times New Roman';">the determination of provisions for losses of inventories (Note</font><font style="font-family: 'Times New Roman';">s 2.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';">6), </font><font style="font-family: 'Times New Roman';">the estimative of </font><font style="font-family: 'Times New Roman';">realization of deferred </font><font style="font-family: 'Times New Roman';">IRPJ and CSLL</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">amounts </font><font style="font-family: 'Times New Roman';">(Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">m</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> 9</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';">the useful lives and discount rate of right </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> use assets (Notes 2.h and 13),</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the useful li</font><font style="font-family: 'Times New Roman';">ves </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> 1</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">), the useful li</font><font style="font-family: 'Times New Roman';">ves</font><font style="font-family: 'Times New Roman';"> of intangible assets</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and the determination of the recoverable amount of goodwill (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">j</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> 1</font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">), provisions for assets retirement obligations (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">n</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';">2</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';">provisions for </font><font style="font-family: 'Times New Roman';">tax, civil</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and labor</font><font style="font-family: 'Times New Roman';"> risks</font><font style="font-family: 'Times New Roman';"> (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">o</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';">2</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';">,</font><font style="font-family: 'Times New Roman';"> estimates for the preparation of actuarial reports (Note</font><font style="font-family: 'Times New Roman';">s 2.</font><font style="font-family: 'Times New Roman';">p</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';">20</font><font style="font-family: 'Times New Roman';">.b)</font><font style="font-family: 'Times New Roman';"> and the determination of fair value of subscription warrants &#8211; indemnification</font><font style="font-family: 'Times New Roman';"> (Notes </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';"> and </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';">. The actual result of the transactions and information may differ from their estimates.</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;">u. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Impairment of assets</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 review, </font><font style="font-family: 'Times New Roman';">in </font><font style="font-family: 'Times New Roman';">every report</font><font style="font-family: 'Times New Roman';">ing</font><font style="font-family: 'Times New Roman';"> period</font><font style="font-family: 'Times New Roman';">, the existence of </font><font style="font-family: 'Times New Roman';">any </font><font style="font-family: 'Times New Roman';">indication that an asset may be impaired</font><font style="font-family: 'Times New Roman';"> and annually </font><font style="font-family: 'Times New Roman';">test</font><font style="font-family: 'Times New Roman';"> intangible assets with undefined useful life</font><font style="font-family: 'Times New Roman';">. If there is an indication</font><font style="font-family: 'Times New Roman';"> of impairment</font><font style="font-family: 'Times New Roman';">, the Company and its subsidiaries estimate the recoverable amount of the asset. Assets that </font><font style="font-family: 'Times New Roman';">are not</font><font style="font-family: 'Times New Roman';"> evaluated individually are grouped in the smallest group of assets that generate cash </font><font style="font-family: 'Times New Roman';">inflow</font><font style="font-family: 'Times New Roman';"> from continuous use and that are largely independent of cash flows of other assets (</font><font style="font-family: 'Times New Roman';">cash generating units &#8220;</font><font style="font-family: 'Times New Roman';">CGU</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">). 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></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 value </font><font style="font-family: 'Times New Roman';">less</font><font style="font-family: 'Times New Roman';"> costs </font><font style="font-family: 'Times New Roman';">to sell</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and taxes.</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';">To assess the value in use, the projections of future cash flows, trends</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and outlooks, as well as the effects of obsolescence, demand, competition</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and other economic factors</font><font style="font-family: 'Times New Roman';"> were considered</font><font style="font-family: 'Times New Roman';">. 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, </font><font style="font-family: 'Times New Roman';">an </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> 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></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';">No impairment was recognized for the </font><font style="font-family: 'Times New Roman';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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 2019. </font><font style="font-family: 'Times New Roman';">On December 31, 2019, t</font><font style="font-family: 'Times New Roman';">he Company </font><font style="font-family: 'Times New Roman';">recognized an impairment loss for</font><font style="font-family: 'Times New Roman';"> the subsidiary </font><font style="font-family: 'Times New Roman';">Imifarma</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Produtos</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Farmac&#234;uticos</font><font style="font-family: 'Times New Roman';"> e </font><font style="font-family: 'Times New Roman';">Cosm&#233;ticos</font><font style="font-family: 'Times New Roman';"> S.A. (&#8220;</font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';"> (see Note 15.a)</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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<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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></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;">v. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Business </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;">ombination</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';">A business combination is accounted </font><font style="font-family: 'Times New Roman';">applying</font><font style="font-family: 'Times New Roman';"> the acquisition method. The cost of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">acquisition is measured </font><font style="font-family: 'Times New Roman';">based on </font><font style="font-family: 'Times New Roman';">the consideration transferred and to be transferred, measured at fair value at the acquisition date. In </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';"> business</font><font style="font-family: 'Times New Roman';"> combination</font><font style="font-family: 'Times New Roman';">, the assets acquired</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and liabilities assumed are </font><font style="font-family: 'Times New Roman';">measured </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">acquire </font><font style="font-family: 'Times New Roman';">is measured based on its interest in identifiable net assets acquired. Goodwill is measured as the excess of the </font><font style="font-family: 'Times New Roman';">consideration transferred and to be transferred</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">initial recognition, goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to the Company&#8217;s </font><font style="font-family: 'Times New Roman';">operating </font><font style="font-family: 'Times New Roman';">segment</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">. When the </font><font style="font-family: 'Times New Roman';">c</font><font style="font-family: 'Times New Roman';">ost of the acquisition</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is </font><font style="font-family: 'Times New Roman';">lower</font><font style="font-family: 'Times New Roman';"> than the fair value of net assets acquired, </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';"> gain is recognized directly in the statement</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of profit or loss</font><font style="font-family: 'Times New Roman';">. Costs related to the acquisition are recorded in the statement </font><font style="font-family: 'Times New Roman';">of profit or loss </font><font style="font-family: 'Times New Roman';">when incurred.</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;">w. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Statements of value added</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';"> statements of value added (&#8220;DVA&#8221;) </font><font style="font-family: 'Times New Roman';">are presented </font><font style="font-family: 'Times New Roman';">as an integral part of the </font><font style="font-family: 'Times New Roman';">interim financial information </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> applicable to publicly</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">traded companies</font><font style="font-family: 'Times New Roman';"> in Brazil</font><font style="font-family: 'Times New Roman';"> and as supplemental information for </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">IFRS, </font><font style="font-family: 'Times New Roman';">which </font><font style="font-family: 'Times New Roman';">do</font><font style="font-family: 'Times New Roman';">es</font><font style="font-family: 'Times New Roman';"> not require the presentation of DVA.</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;">x. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Statements of </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;">ash </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;">lows </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;">ndirect </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;">ethod</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>
<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 present the interest paid on loans</font><font style="font-family: 'Times New Roman';">,</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';">debentures</font><font style="font-family: 'Times New Roman';">, and leases payable</font><font style="font-family: 'Times New Roman';"> in financing activities</font><font style="font-family: 'Times New Roman';"> and present </font><font style="font-family: 'Times New Roman';">financial investments on a net basis of income</font><font style="font-family: 'Times New Roman';"> and redemptions</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';">the </font><font style="font-family: 'Times New Roman';">invest</font><font style="font-family: 'Times New Roman';">ing </font><font style="font-family: 'Times New Roman';">activities</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;">y. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Adoption of the pronouncements issued by CPC and IASB</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';">There are not standards, amendments and interpretations to IFRS issued by the IASB, which are effective</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">that have not been adopted by the Company </font><font style="font-family: 'Times New Roman';">and could have impact in </font><font style="font-family: 'Times New Roman';">this interim financial information</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020</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;">z. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Authorization for </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;">ssuance of the </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;">nterim </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;">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-size: 10pt;"><font style="font-family: 'Times New Roman';">Th</font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> interim financial information </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">authorized for issue by the Board of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">D</font><font style="font-family: 'Times New Roman';">irectors on</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">November</font><font style="font-family: 'Times New Roman';"> </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';">2020</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<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'>28</font></font></td>
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<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">3. Principles of consolidation and investments in subsidiaries</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;">Principles of </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;">onsolidation</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 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="margin: 0pt; 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.&nbsp;</font></font></p>
<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'>29</font></font></td>
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<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: -2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&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;">Investments in </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;">ubsidiaries</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font></font></p>
<p style="margin: -2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
<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: 10pt;">&nbsp;</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: 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;">&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;">% interest in the share</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;">&nbsp;</font></p>
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<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;">9</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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<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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<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: 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;">&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;">Control</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;">Control</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;">Location</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;">Segment</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;">Direct</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;">Indirect</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="vertical-align: bottom; width: 6.38%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Direct</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;">Indirect</font></p>
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</tr>
<tr style="height: 17px; background-color: #daeef3;">
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<td style="vertical-align: bottom; width: 5.68%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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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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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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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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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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<td style="vertical-align: bottom; width: 5.68%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<td style="vertical-align: bottom; width: 0.78%; height: 17px;">
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<td style="vertical-align: bottom; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="vertical-align: bottom; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="vertical-align: bottom; width: 5.68%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
<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="vertical-align: bottom; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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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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<td style="vertical-align: bottom; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="vertical-align: bottom; width: 0.78%; height: 17px;">
<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="vertical-align: bottom; width: 6.38%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<td style="vertical-align: bottom; width: 0.78%; height: 17px;">
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<td style="vertical-align: bottom; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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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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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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<td style="vertical-align: bottom; width: 6.38%; background-color: #daeef3; height: 17px;">
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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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<td style="vertical-align: bottom; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="vertical-align: bottom; width: 5.68%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<td style="vertical-align: bottom; width: 0.78%; height: 17px;">
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<td style="vertical-align: bottom; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="vertical-align: bottom; width: 0.78%; height: 17px;">
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<td style="vertical-align: bottom; width: 6.38%; height: 17px;">
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<td style="vertical-align: bottom; width: 0.78%; height: 17px;">
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<td style="vertical-align: bottom; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="vertical-align: bottom; width: 5.68%; background-color: #daeef3; height: 17px;">
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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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<td style="vertical-align: bottom; width: 7.74%; background-color: #daeef3; height: 17px;">
<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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<td style="vertical-align: bottom; width: 0.78%; height: 17px;">
<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="vertical-align: bottom; width: 6.38%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<td style="vertical-align: bottom; width: 0.78%; height: 17px;">
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<td style="vertical-align: bottom; width: 7.74%; height: 17px;">
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<td style="vertical-align: bottom; width: 5.68%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
<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="vertical-align: bottom; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56</font></p>
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<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 17px;">
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<td style="vertical-align: bottom; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Integra Frotas Ltda. </font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Companhia Ultragaz S.A.</font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz Comercial Ltda. </font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><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: 8pt;"><sup> (1)</sup></font></font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Bahiana</font><font style="font-family: 'Times New Roman';"> Distribuidora de G&#225;s Ltda.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Uting&#225;s</font><font style="font-family: 'Times New Roman';"> Armazenadora S</font><font style="font-family: 'Times New Roman';">.A.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG International Inc.</font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cayman Islands</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Imaven</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Im&#243;veis</font><font style="font-family: 'Times New Roman';"> Ltda.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Imifarma</font><font style="font-family: 'Times New Roman';"> Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. </font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: middle; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><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: 8pt;"><sup> (2)</sup></font></font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<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="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; 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="vertical-align: bottom; width: 44.32%; height: 17px;">
<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><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">subsidiaries<font style="font-size: 8pt;"><sup> (3)</sup></font></font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 7.84%; 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; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; 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="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Argentina Sociedad de Responsabilidad Ltda.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Argentina</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oleoqu&#237;mica</font><font style="font-family: 'Times New Roman';"> Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Uruguay S.A.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno M&#233;xico S.A. de C.V.</font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno </font><font style="font-family: 'Times New Roman';">Servicios</font><font style="font-family: 'Times New Roman';"> Corporativos S.A. de C.V.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Servicios Industriales S.A. de C.V.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> USA LLC</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Global Petroleum Products Trading Corp.</font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Virgin Islands</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Europe SPRL</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Belgium</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno </font><font style="font-family: 'Times New Roman';">Colombia</font><font style="font-family: 'Times New Roman';"> S.</font><font style="font-family: 'Times New Roman';">A.S</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Colombia</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Shanghai LTD.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">China</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';"> - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda.</font></font></p>
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<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
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<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 7.84%; 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; width: 0.78%; height: 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; width: 6.38%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 7.74%; 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: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Terminal Qu&#237;mico de Aratu S.A. &#8211; </font><font style="font-family: 'Times New Roman';">Tequimar</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TEAS &#8211; Terminal Exportador de &#193;lcool de Santos Ltda.</font></p>
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<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; height: 17px;">
<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: bottom; width: 5.68%; 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; width: 0.78%; height: 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; width: 7.84%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 6.38%; 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; width: 0.78%; height: 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; width: 7.74%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt 0pt 0pt 28.4pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> Vila do Conde Log&#237;stica Portu&#225;ria S.A.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 44.32%; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar </font><font style="font-family: 'Times New Roman';">International</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Luxembourg</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 7.84%; 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; width: 0.78%; height: 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; width: 6.38%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; height: 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; width: 7.74%; 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: #daeef3;">
<td style="vertical-align: bottom; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">SERMA - Ass. dos usu&#225;rios </font><font style="font-family: 'Times New Roman';">equip</font><font style="font-family: 'Times New Roman';">. proc. de dados</font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; width: 44.32%; height: 10px;">
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">UVC - Fundo de investimento em participa&#231;&#245;es </font><font style="font-family: 'Times New Roman'; line-height: inherit;">multiestrat&#233;gia</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> investimento no exterior<font style="font-size: 8pt;"><sup> (4)</sup></font></font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; 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="vertical-align: bottom; width: 10.12%; 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="vertical-align: bottom; width: 1.28%; 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="vertical-align: bottom; width: 5.68%; 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="vertical-align: bottom; width: 0.78%; 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="vertical-align: bottom; width: 7.84%; height: 10px;">
<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; width: 0.78%; 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="vertical-align: bottom; width: 6.38%; height: 10px;">
<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; width: 0.78%; 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="vertical-align: bottom; width: 7.74%; 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; background-color: #daeef3;">
<td style="vertical-align: middle; width: 44.32%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Eai</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Clube</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Automobil</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">sta</font><font style="font-family: 'Times New Roman';"> S.A.<font style="font-size: 8pt;"><sup>&nbsp;(5)</sup></font></font></font></p>
</td>
<td style="vertical-align: bottom; width: 14.28%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="vertical-align: bottom; width: 10.12%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Abastece A&#237;</font></p>
</td>
<td style="vertical-align: bottom; width: 1.28%; background-color: #daeef3; 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="vertical-align: bottom; width: 5.68%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="vertical-align: bottom; width: 0.78%; background-color: #daeef3; height: 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; width: 7.84%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 6.38%; background-color: #daeef3; 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; width: 0.78%; background-color: #daeef3; height: 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; width: 7.74%; background-color: #daeef3; 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: -4pt; 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 percentages in the table above are rounded</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="margin: -4pt; 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: 8pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(1) </font><font style="font-family: 'Times New Roman';">Non operating</font><font style="font-family: 'Times New Roman';"> company in closing phase</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 8pt;"><font style="font-size: 7pt;"><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><font style="font-family: 'Times New Roman';">Subsidiary&nbsp;</font><font style="font-family: 'Times New Roman';">constituted</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';">n </font><font style="font-family: 'Times New Roman';">January</font><font style="font-family: 'Times New Roman';"> 20</font><font style="font-family: 'Times New Roman';">20, the L.I.Z.</font><font style="font-family: 'Times New Roman';">S.</font><font style="font-family: 'Times New Roman';">P.E has as finality the consulting in valuation, business management, economic and financial </font><font style="font-family: 'Times New Roman';">advisory</font><font style="font-family: 'Times New Roman';">, among other.</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(3) </font><font style="font-family: 'Times New Roman';">In May 2020, t</font><font style="font-family: 'Times New Roman';">here was a c</font><font style="font-family: 'Times New Roman';">hange in the participation of the capital of the <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: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Subsidiary&nbsp;</font></font><font style="font-family: 'Times New Roman';">Millen</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';">ium</font><font style="font-family: 'Times New Roman';"> becoming a direct subsidiary of the Company</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 8pt;"><font style="font-size: 7pt;"><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';">F</font><font style="font-family: 'Times New Roman';">und constituted</font><font style="font-family: 'Times New Roman';"> 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 style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 8pt;"><font style="font-size: 7pt;"><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 style="font-family: 'Times New Roman';"> <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: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Subsidiary&nbsp;</font></font></font><font style="font-family: 'Times New Roman';">created in July 2020 </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">n the basis of the </font><font style="font-family: 'Times New Roman';">Abastece</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">A&#237;</font><font style="font-family: 'Times New Roman';"> and Km de </font><font style="font-family: 'Times New Roman';">Vantagens</font><font style="font-family: 'Times New Roman';"> programs to operate in the digital payments segment under the </font><font style="font-family: 'Times New Roman';">Abastece</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">A&#237;</font><font style="font-family: 'Times New Roman';"> brand.</font></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'>30</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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-weight: bold;">4. Cash and cash equivalents, financial investments and hedge derivative financial instruments</font><br></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><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';">Cash equivalents and financial investments, excluding cash and bank deposits, are substantially represented by investments: (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) 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.</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) amounted </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">9,797,789</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$</font><font style="font-family: 'Times New Roman';"> 5,712,097 </font><font style="font-family: 'Times New Roman';">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>
<table cellspacing="0" cellpadding="0" style="height: 205px; border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 92%; margin-right: auto;" width="92%">

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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;">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">Consolidated</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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: bottom; width: 51.6pt; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<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: 7pt; height: 17px; background-color: #daeef3;">
<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: 51.6pt; height: 17px; background-color: #daeef3;">
<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: 7pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<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: 7pt; height: 17px; background-color: #daeef3;">
<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: 51.6pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 199.85pt; 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;">In local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">1,429</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">194,385</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">182,237</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">In foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">112,399</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,755</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">In local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 51.6pt; 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;">935,451</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">42,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">2,639,355</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">1,780,939</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">In foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">50,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">49,448</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">936,880</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,580</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,996,333</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; 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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></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. 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;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">urrency and </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;">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-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;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 188px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 92%; margin-left: auto; margin-right: auto;" width="92%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 207.05pt; height: 17px;">
<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;">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: 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; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: 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; width: 207.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; 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; width: 51.6pt; height: 17px; 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>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; 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; width: 51.6pt; height: 17px; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; 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; width: 51.6pt; height: 17px; 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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 207.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 207.05pt; 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;">In local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 207.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,073,361</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,610,686</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 207.05pt; 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;">In foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 207.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,425,276</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 207.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging instruments (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">1,302,819</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">682,615</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 207.05pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,801,456</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,596,718</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 207.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">109,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">95,829</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">5,582,703</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">3,090,212</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 207.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,218,753</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">506,506</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: 9pt;">(a) Accumulated gains, net of income tax (see Note 33.i).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 5. Trade receivables and reseller financing (Consolidated)</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><br></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. Trade </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;">eceivables</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';">composition</font><font style="font-family: 'Times New Roman';"> of t</font><font style="font-family: 'Times New Roman';">rade receivables </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="height: 134px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: auto; margin-right: auto;" width="100%">

<tr style="height: 13px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.7pt; height: 13px;">
<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';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 13px;">
<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: 51.6pt; height: 13px;">
<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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 13px;">
<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; width: 51.6pt; height: 13px;">
<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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Domestic customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3; 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; width: 51.6pt; background-color: #daeef3; 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;"> 3,447,352</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; 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: 51.6pt; background-color: #daeef3; 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;"> 3,867,163</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Domestic customers &#8211; 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; 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: 51.6pt; 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;"> 356</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;"> 739</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.7pt; background-color: #daeef3; 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 customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3; 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; width: 51.6pt; background-color: #daeef3; 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;"> 349,841</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; 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: 51.6pt; background-color: #daeef3; 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;"> 226,484</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 7pt; 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; width: 51.6pt; border-bottom: 0.5pt solid #000000 !important; 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;">(406,994)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; border-bottom: 0.5pt solid #000000 !important; 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;">(404,886)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.7pt; background-color: #daeef3; 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; width: 7pt; background-color: #daeef3; 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; width: 51.6pt; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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;"> 3,390,555</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; 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; width: 51.6pt; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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;"> 3,689,500</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.7pt; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 7pt; 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; width: 51.6pt; 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;"> 3,303,691</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;"> 3,635,834</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 7pt; background-color: #daeef3; 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; width: 51.6pt; background-color: #daeef3; 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;"> 86,864</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; 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: 51.6pt; background-color: #daeef3; 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;"> 53,666</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'>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;"><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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The breakdown of trade receivables, gross</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on</font><font style="font-family: 'Times New Roman';"> doubtful accounts</font><font style="font-family: 'Times New Roman';">, is 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: 61px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<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';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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: bottom; width: 7pt; 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: bottom; width: 56.5pt; 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 colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.5pt; 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;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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: 51pt; 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; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.5pt; 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; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.5pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 48.55pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 50.35pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.45pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.1pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,797,549</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.5pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 2,916,452</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.5pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 130,293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 48.55pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 29,572</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 50.35pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 41,111</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.45pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;">56,397</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.1pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 623,724</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;"> 4,094,386</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 56.5pt; 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;"> 3,199,315</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.5pt; 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;"> 159,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 48.55pt; 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;"> 27,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 50.35pt; 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;"> 12,245</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.45pt; 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;"> 61,489</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.1pt; 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;"> 634,667</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 breakdown of </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on doubtful accounts, is 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: 61px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.6pt; height: 17px;">
<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';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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: bottom; width: 7pt; 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: bottom; width: 55.4pt; 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 colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; 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;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.6pt; 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: 51pt; 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; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 55.4pt; 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; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.6pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.6pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.6pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.6pt; background-color: #daeef3; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; background-color: #daeef3; 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;"> 406,994</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; 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: 55.4pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 28,540</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 1,561</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.6pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 1,869</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.6pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 1,982</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.6pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 12,921</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;"> 360,121</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.6pt; 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;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;"> 404,886</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 55.4pt; 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;"> 28,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; 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;"> 1,456</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.6pt; 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;"> 1,625</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.6pt; 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;"> 3,749</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.6pt; 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;"> 23,698</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;"> 345,497</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';">Movements in the allowance for </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on doubtful accounts 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; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: auto; margin-right: auto;" width="100%">

<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.35pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance as of December 31, 2019</font></font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; 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'; font-size: 10pt;"> 404,886</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.35pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 159,757</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.35pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; 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'; font-size: 10pt;">(148,585)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.35pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 7pt;">
<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: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,064)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.35pt;">
<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 September 30, 2020</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 406,994</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 Note 3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.d.3.</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'>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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></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. Reseller financing</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 composition of reseller financing is 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="height: 95px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: auto; margin-right: auto;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 303.2pt; height: 17px;">
<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';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 303.2pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Reseller financing &#8211; </font><font style="font-family: 'Times New Roman';">Ipiranga</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,115,098</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">956,942</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 303.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 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: bottom; width: 51.6pt; 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;">(188,911)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">(156,006)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 303.2pt; height: 10px; background-color: #daeef3;">
<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: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">926,187</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">800,936</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 303.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 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: bottom; width: 51.6pt; 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;">497,853</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">436,188</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 303.2pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">428,334</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">364,748</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';">Reseller financing is provided </font><font style="font-family: 'Times New Roman';">at subsidized rate </font><font style="font-family: 'Times New Roman';">for renovation and upgrading of service stations, purchase of products, and development of the automotive fuels and lubricants distribution market.</font><font style="font-family: 'Times New Roman';"> The terms of reseller financing </font><font style="font-family: 'Times New Roman';">range </font><font style="font-family: 'Times New Roman';">between </font><font style="font-family: 'Times New Roman';">12</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';"> 60 months</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> with an average term of 40 months. T</font><font style="font-family: 'Times New Roman';">he minimum and maximum </font><font style="font-family: 'Times New Roman';">subsisted</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">interest </font><font style="font-family: 'Times New Roman';">rates are </font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">% per month and </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">% per month, respectively.</font><font style="font-family: 'Times New Roman';"> These financing are remeasured at a market rate for working capital loans and the </font><font style="font-family: 'Times New Roman';">remeasurement </font><font style="font-family: 'Times New Roman';">adjustment</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">between the </font><font style="font-family: 'Times New Roman';">market</font><font style="font-family: 'Times New Roman';"> rate and the rate subsidized </font><font style="font-family: 'Times New Roman';">is recognized as a </font><font style="font-family: 'Times New Roman';">reduction to the reseller&#8217;s </font><font style="font-family: 'Times New Roman';">revenue</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';">t the beginning of the contract</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Throughout the contract, the interest </font><font style="font-family: 'Times New Roman';">appropriated </font><font style="font-family: 'Times New Roman';">by the market rate </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> recognized </font><font style="font-family: 'Times New Roman';">to the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">result.</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 breakdown of </font><font style="font-family: 'Times New Roman';">reseller financing</font><font style="font-family: 'Times New Roman';">, gross of </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on doubtful accounts, is 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: 61px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 59.55pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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: bottom; width: 7pt; 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: bottom; width: 51pt; 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 colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; 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;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 59.55pt; height: 10px;">
<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; width: 51pt; 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; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 54.85pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-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;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 59.55pt; height: 17px; background-color: #daeef3;">
<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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,115,098</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;">764,660</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;">9,243</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;">13,809</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;">9,848</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;">27,465</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 54.85pt; height: 17px; background-color: #daeef3; border-top-width: 1pt; border-top-style: solid; border-top-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;">290,073</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 59.55pt; 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;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">956,942</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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;">644,488</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; 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;">26,262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">10,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">12,616</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">30,144</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 54.85pt; 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;">232,951</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 breakdown of </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on doubtful accounts, is 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: 61px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 59.55pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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: bottom; width: 7pt; 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: bottom; width: 51pt; 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 colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.1pt; 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: center;"><font style="font-family: 'Times New Roman'; 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; width: 59.55pt; height: 10px;">
<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; width: 51pt; 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; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.1pt; 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; font-weight: bold;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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; font-weight: bold;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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; font-weight: bold;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.1pt; 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; font-weight: bold;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 52.4pt; 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; font-weight: bold;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 59.55pt; background-color: #daeef3; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; background-color: #daeef3; 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;">188,911</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; 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: 51pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;">30,078</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.1pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;">812</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;">1,406</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;">1,046</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.1pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;">13,826</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 52.4pt; background-color: #daeef3; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-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;">141,743</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 59.55pt; 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;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">156,006</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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;">21,337</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.1pt; 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;">2,519</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">1,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">1,313</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.1pt; 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;">14,639</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 52.4pt; 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;">115,135</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'>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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Movements in the allowance for </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on doubtful accounts 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; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: auto; margin-right: auto;" width="100%">

<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.4pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance as of December 31, 2019</font></font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; 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'; font-size: 10pt;"> 156,006</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.4pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 58,323</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.4pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; 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'; font-size: 10pt;">(23,733)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.4pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 7pt;">
<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: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,685)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 362.4pt;">
<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 September 30, 2020</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 188,911</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 Note 3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.d.3.</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: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">6. Inventories</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> (Consolidated)</font></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><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; height: 189px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; height: 17px;">
<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';">&nbsp;</font></font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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 colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; 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: 51pt; 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; font-weight: bold;">Cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51pt; 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; font-weight: bold;">Provision&nbsp; <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;">for&nbsp;</font>losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51.25pt; 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; font-weight: bold;">Net </font></p>
<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;">balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51pt; 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; font-weight: bold;">Cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51pt; 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; font-weight: bold;">Provision</font></p>
<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;"><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;">for&nbsp;</font>losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51pt; 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; font-weight: bold;">Net </font></p>
<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;">balance</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,612,005</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,283)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,609,722</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,843,257</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,073)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,841,184</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51pt; 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;">560,415</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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;">(22,195)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.25pt; 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;">538,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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;">541,689</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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;">(22,048)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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;">519,641</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">927</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">927</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,971</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,971</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51pt; 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;">508,942</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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: bottom; width: 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: bottom; width: 51.25pt; 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;">505,506</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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;">365,960</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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;">(2,552)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51pt; 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;">363,408</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">92,544</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,761)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,783</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,761)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,954</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51pt; 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;">136,725</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51pt; 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;">(2,516)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.25pt; 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;">134,209</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51pt; 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;">140,058</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51pt; 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;">(2,587)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51pt; 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;">137,471</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">469,971</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,133)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.25pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">466,838</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,877)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 133.25pt; height: 22px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51pt; 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;">170,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">(464)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.25pt; 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;">169,899</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">183,170</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">(2,719)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">180,451</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 133.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,610</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,503</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 133.25pt; 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; width: 51pt; height: 18px; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,579,502</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51pt; height: 18px; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,895)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.25pt; border-top: 1pt solid #000000; 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;">3,539,607</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51pt; border-bottom: 2.8pt double #000000; border-top: 1pt solid #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;">3,756,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51pt; border-top: 1pt solid #000000; 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;">(40,724)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51pt; border-top: 1pt solid #000000; 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;">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; font-size: 8pt;">(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="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Movements in the provision for losses 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; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: auto; margin-right: auto;" width="100%">

<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 366.1pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance as of December 31, 2019</font></font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; 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'; font-size: 10pt;">40,724</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 366.1pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: 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'; font-size: 10pt;">(540)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 366.1pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals of obsolescence and other losses</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; 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'; font-size: 10pt;">(289)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 366.1pt;">
<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 September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; border-top: 1pt solid #000000; 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;">39,895</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 breakdown of provisions for losses related to inventories is shown in the table 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="height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: auto; margin-right: auto;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 302.45pt; height: 17px;">
<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';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; 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: 56.7pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 302.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,703</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,243</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 302.45pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; 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;">25,192</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">25,481</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 302.45pt; height: 17px; background-color: #daeef3;">
<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; width: 56.7pt; height: 17px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,895</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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;"><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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">7. Taxes</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> to </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ecover</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;">a. Recoverable </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 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: 147px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: auto; margin-right: auto;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.8pt; height: 17px;">
<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;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.8pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,108,425</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 311.8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for ICMS losses (a.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">(50,372)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">(41,396)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,056,154</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 311.8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Value-added tax (IVA) of foreign subsidiaries </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;"> 37,396</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;"> 29,707</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 60,585</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 311.8pt; 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: bottom; width: 51.6pt; height: 18px; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,212,188</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 18px; 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; page-break-after: avoid; page-break-inside: avoid; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 890,852</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,122,335</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;"> 1,321,336</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;"> 767,360</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;">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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%; vertical-align: top; padding: 0px;" valign="top"><font style="color: #000000; font-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: -18.9333px; 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-family: 'Times New Roman';">(</font><font style="color: #000000; font-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: -18.9333px; 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-family: 'Times New Roman';">i</font><font style="color: #000000; font-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: -18.9333px; 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-family: 'Times New Roman';">)</font></td>
<td style="width: 97%; padding: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">S.A.</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">accumulates credits once<font>&nbsp;</font></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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Bahia;</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr>
<td style="vertical-align: top; padding: 5px 0px 0px;" valign="top"><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: -22.6667px; text-transform: none; white-space: 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></td>
<td style="padding: 5px 0px 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The<font>&nbsp;</font>subsidiar</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Produtos</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>de<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Petr&#243;leo</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>S.A. (&#8220;IPP&#8221;)<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and<font>&nbsp;</font>Cia<font>&nbsp;</font>Ultragaz<font>&nbsp;</font>S.A. (&#8220;Cia<font>&nbsp;</font>Ultragaz&#8221;)<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">have credits arising from interstate outflows of oil-related products, whose ICMS was prepaid by the supplier (</font><font style="font-family: 'Times New Roman';">Petr&#243;leo</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Brasileiro</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>S.A. (&#8220;Petrobras&#8221;)), and credits arising from the difference between transactions of inflows and outflows of products subject to ICMS taxation;</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr>
<td style="vertical-align: top; padding: 5px 0px 0px;" valign="top"><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: -24px; text-transform: none; white-space: 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="padding: 5px 0px 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The subsidiary&nbsp;Extrafarma&nbsp;has&nbsp;ICMS&nbsp;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></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 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 </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">10 years</font><font style="font-family: 'Times New Roman';">.</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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<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 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: 100%; margin-left: auto; margin-right: auto;" width="100%">

<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 369.2pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Up to 1 year </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 346,990</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 369.2pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: 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'; font-size: 10pt;"> 364,216</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 369.2pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 196,479</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 369.2pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: 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'; font-size: 10pt;"> 86,154</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 369.2pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 30,070</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 369.2pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: 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'; font-size: 10pt;"> 34,144</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 369.2pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 56.7pt; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,058,053</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 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-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.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 </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';">Tequimar</font><font style="font-family: 'Times New Roman';">, Tropical</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">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. Recoverable </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;">ncome </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 </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;">ocial </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: 85px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 196.95pt; height: 17px;">
<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;">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; border-bottom: 1pt solid #000000; 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;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; border-bottom: 1pt solid #000000; 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;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 196.95pt; 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: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 196.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt; border-bottom: 1pt solid #000000; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,004</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; border-bottom: 1pt solid #000000; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">505,449</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 196.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 51.6pt; 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;">51,557</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">49,750</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">253,700</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">325,343</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 196.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">251,749</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,947</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>
<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'>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>
</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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">8. Related </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">arties</font></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Related parties</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 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;">&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="height: 72px; 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: bottom; width: 239.3pt; 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; width: 56.7pt; 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; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; 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; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; 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; 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; 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;">Financial </font></font></p>
<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;">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: bottom; width: 239.3pt; 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; width: 56.7pt; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<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;">Debentures </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; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<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;">Account payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 239.3pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Produtos</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 750,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 19,742</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 239.3pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Imifarma</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Produtos</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Farmac&#234;uticos</font><font style="font-family: 'Times New Roman';"> e </font><font style="font-family: 'Times New Roman';">Cosm&#233;ticos</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 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: bottom; 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;"> 5,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 239.3pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 750,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 56.7pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 56.7pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 19,742</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>
<table cellspacing="0" cellpadding="0" style="height: 89px; 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: bottom; width: 239.3pt; 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; width: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Financial </font></font></p>
<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;">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: bottom; width: 239.3pt; 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; width: 56.7pt; height: 10px;">
<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;">Debentures </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; width: 7pt; 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; 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; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; 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;">
<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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 239.3pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Produtos</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 40,151</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 239.3pt; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Imifarma</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Produtos</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Farmac&#234;uticos</font><font style="font-family: 'Times New Roman';"> e </font><font style="font-family: 'Times New Roman';">Cosm&#233;ticos</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 16px;">
<p 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: 56.7pt; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 16px;">
<p 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: 56.7pt; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 239.3pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 56.7pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 56.7pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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; width: 56.7pt; height: 18px; background-color: #daeef3; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<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: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 239.3pt; 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 as of September 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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; width: 7pt; 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; width: 56.7pt; 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; width: 7pt; 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; width: 56.7pt; height: 18px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,151</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&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-size: 7pt;"><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><font style="font-size: 8pt;"><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></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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; 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-family: 'Times New Roman'; font-size: 10pt;">Balances and transactions between the Company and its subsidiaries and between subsidiaries have been eliminated in 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></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: 86px; 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: bottom; width: 306.15pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<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: bottom; width: 306.15pt; 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: 56.7pt; height: 17px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<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; width: 7pt; height: 17px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<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: 56.75pt; height: 17px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Qu&#237;mica</font><font style="font-family: 'Times New Roman';"> da Bahia </font><font style="font-family: 'Times New Roman';">Ind&#250;stria</font><font style="font-family: 'Times New Roman';"> e </font><font style="font-family: 'Times New Roman';">Com&#233;rcio</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.75pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 306.15pt; 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: bottom; width: 56.7pt; 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: bottom; 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: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">978</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<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; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.75pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,853</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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="height: 85px; 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: bottom; width: 306.15pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Loans</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; 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; width: 56.7pt; 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;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.75pt; 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;">Liabilities</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Qu&#237;mica</font><font style="font-family: 'Times New Roman';"> da Bahia </font><font style="font-family: 'Times New Roman';">Ind&#250;stria</font><font style="font-family: 'Times New Roman';"> e </font><font style="font-family: 'Times New Roman';">Com&#233;rcio</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; 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: bottom; width: 7pt; background-color: #daeef3; 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: 56.75pt; background-color: #daeef3; 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>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 56.75pt; 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;">1,050</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 56.7pt; background-color: #daeef3; height: 17px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; background-color: #daeef3; 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: 56.75pt; background-color: #daeef3; height: 17px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,925</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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 92px; 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; 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 colspan="11" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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;">Commercial transactions</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; 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; width: 56.7pt; height: 10px;">
<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;">Receivables <br></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; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 45.35pt; height: 10px;">
<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;">Payables<br></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; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 10px;">
<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;">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; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 48.2pt; 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; font-weight: bold;">Sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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; font-weight: bold;">Purchases</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 52.85pt; 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; font-weight: bold;">Expenses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxicap</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ind&#250;stria</font><font style="font-family: 'Times New Roman';"> de Gases Ltda.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 45.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,217</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 48.2pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 45</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 14,246</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 52.85pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 141.75pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Refinaria</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Riograndense</font><font style="font-family: 'Times New Roman';"> S.A. </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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; width: 7pt; 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; width: 45.35pt; 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;"> 62,943</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51pt; 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; width: 7pt; 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; width: 48.2pt; 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; width: 7pt; 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; width: 51pt; 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;"> 227,455</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 52.85pt; 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: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">ConectCar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Solu&#231;&#245;es</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Mobilidade</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Eletr&#244;nica</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 356</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 45.35pt; height: 10px; background-color: #daeef3;">
<p 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: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 48.2pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,283</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 118</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 52.85pt; height: 10px; background-color: #daeef3;">
<p 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: bottom; width: 141.75pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">LA&#8217;7 </font><font style="font-family: 'Times New Roman';">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman';"> e </font><font style="font-family: 'Times New Roman';">Empreend</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Imob</font><font style="font-family: 'Times New Roman';">. Ltda. (a)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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; width: 7pt; 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; width: 45.35pt; 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; width: 7pt; 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; width: 51pt; 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; width: 7pt; 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; width: 48.2pt; 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; width: 7pt; 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; width: 51pt; 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; width: 7pt; 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; width: 52.85pt; 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;"> 1,206</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 356</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 45.35pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 66,264</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 48.2pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,328</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 241,819</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 52.85pt; height: 18px; background-color: #daeef3; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,206</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: 109px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 29.902%; 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 colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 69.9755%; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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;">Commercial transactions</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 29.902%; 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: 13.1127%; height: 10px;">
<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;">Receivables <br></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; width: 2.81863%; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%; height: 10px;">
<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;">Payables<br></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; width: 2.81863%; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.8873%; 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; font-weight: bold;">Sales and <br>services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.0098%; 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; font-weight: bold;">Purchases</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.0294%; 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; font-weight: bold;">Expenses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 29.902%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxicap</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ind&#250;stria</font><font style="font-family: 'Times New Roman';"> de Gases Ltda.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.1127%; height: 17px; background-color: #daeef3;">
<p 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; width: 2.81863%; height: 17px; background-color: #daeef3;">
<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: 10.6618%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,545</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; height: 17px; background-color: #daeef3;">
<p 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: 11.8873%; height: 17px; background-color: #daeef3;">
<p 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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; height: 17px; background-color: #daeef3;">
<p 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: 12.0098%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 14,240</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; height: 17px; background-color: #daeef3;">
<p 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: 11.0294%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 29.902%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Refinaria</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Riograndense</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.1127%; 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; width: 2.81863%; 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: 10.6618%; 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;"> 264,602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; 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; width: 11.8873%; 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;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; 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; width: 12.0098%; 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;"> 733,806</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; 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; width: 11.0294%; 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;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 29.902%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">ConectCar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Solu&#231;&#245;es</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Mobilidade</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Eletr&#244;nica</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.1127%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 739</font></p>
</td>
<td style="vertical-align: bottom; width: 2.81863%; height: 10px; background-color: #daeef3;">
<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: 10.6618%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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; width: 2.81863%; height: 10px; background-color: #daeef3;">
<p 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: 11.8873%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,657</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; height: 10px; background-color: #daeef3;">
<p 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: 12.0098%; height: 10px; background-color: #daeef3;">
<p 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: bottom; width: 2.81863%; height: 10px; background-color: #daeef3;">
<p 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: 11.0294%; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 29.902%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">LA&#8217;7 </font><font style="font-family: 'Times New Roman';">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman';"> e </font><font style="font-family: 'Times New Roman';">Empreend</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Imob</font><font style="font-family: 'Times New Roman';">. Ltda. (a)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.1127%; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p 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; width: 2.81863%; 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: 10.6618%; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 2.81863%; 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; width: 11.8873%; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 2.81863%; 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; width: 12.0098%; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 2.81863%; 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; width: 11.0294%; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,106</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 29.902%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 13.1127%; height: 17px; background-color: #daeef3; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 739</font></p>
</td>
<td style="vertical-align: bottom; width: 2.81863%; height: 17px; background-color: #daeef3;">
<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: 10.6618%; height: 17px; background-color: #daeef3; border-top: 0.5pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 2.81863%; height: 17px; background-color: #daeef3;">
<p 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: 11.8873%; height: 17px; background-color: #daeef3; border-top: 0.5pt solid #000000 !important;">
<p 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: 2.81863%; height: 17px; background-color: #daeef3;">
<p 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: 12.0098%; height: 17px; background-color: #daeef3; border-top: 0.5pt solid #000000 !important;">
<p 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: 2.81863%; height: 17px; background-color: #daeef3;">
<p 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: 11.0294%; height: 17px; background-color: #daeef3; border-top: 0.5pt solid #000000 !important;">
<p 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: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 29.902%; 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 as of September 30, 2019</font></p>
</td>
<td style="vertical-align: bottom; width: 13.1127%; 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="vertical-align: bottom; width: 2.81863%; 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="vertical-align: bottom; width: 10.6618%; 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; width: 2.81863%; 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; width: 11.8873%; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,659</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; 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; width: 12.0098%; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 748,155</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.81863%; 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; width: 11.0294%; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,106</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: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(1)</font><font style="font-size: 9pt;"><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';">&#8211;</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></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><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 style="font-size: 8pt;">(a)</font> <font style="font-size: 8pt;">Refers to rental contracts of </font></font><font style="font-size: 8pt;"><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';">September</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">owned by </font><font style="font-family: 'Times New Roman';">Extrafarma&#8217;s</font><font style="font-family: 'Times New Roman';"> former shareholders and</font><font style="font-family: 'Times New Roman';"> current shareholders of </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';">.</font></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'>39</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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; 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 </font><font style="font-family: 'Times New Roman';">ConectCar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Solu&#231;&#245;es</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Mobilidade</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Eletr&#244;nica</font><font style="font-family: 'Times New Roman';"> S.A. (&#8220;</font><font style="font-family: 'Times New Roman';">ConectCar</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';">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 </font><font style="font-family: 'Times New Roman';">no</font><font style="font-family: 'Times New Roman';"> 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; 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;">b. Key executives (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';">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: (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) 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; 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: 70%; margin-right: auto;" width="70%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 316.3pt;">
<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; width: 51.6pt; border-bottom: 1pt solid #000000 !important; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; border-bottom: 1pt solid #000000 !important; 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;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 316.3pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,470</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p 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: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,944</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 316.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,714</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p 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: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,313</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 316.3pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,029</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p 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: 51.6pt; background-color: #daeef3;">
<p 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</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 316.3pt;">
<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; width: 51.6pt; border-bottom: 2.8pt double #000000 !important; border-top: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,213</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p 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: 51.6pt; border-bottom: 2.8pt double #000000 !important; border-top: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,191</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;">c. Deferred stock plan (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';">Since 2003,</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';"> 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. </font><font style="font-family: 'Times New Roman';">The members of the </font><font style="font-family: 'Times New Roman';">Ultrapar&#8217;s</font><font style="font-family: 'Times New Roman';"> Board of Directors </font><font style="font-family: 'Times New Roman';">do</font><font style="font-family: 'Times New Roman';">&nbsp;not </font><font style="font-family: 'Times New Roman';">eligible</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';">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>
<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'>40</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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></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: 97px; width: 100%;" width="100%">

<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 18px;">
<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;">Grant date</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Balance of number of shares granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Vesting period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 62.35pt; height: 18px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">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; width: 56.7pt; height: 18px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Total grant costs, including taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<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; width: 53.85pt; height: 18px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Accumulated recognized grant costs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<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; width: 53.85pt; height: 18px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Accumulated unrecognized grant costs</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<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;">2021 to 2023 </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 62.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 17,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,348)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,799</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; 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;"> 533,324</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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;">2020 to 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;"> 25.32</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;"> 27,939</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">(26,128)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;"> 1,811</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 55,600</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<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;">2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 62.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 26.08</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,999</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,880)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 119</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; width: 56.7pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 968,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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; width: 62.35pt; 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; width: 56.7pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 51,085</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 53.85pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,356)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 53.85pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,729</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';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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 R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">963</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">7,955</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';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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; 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 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; 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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: #daeef3;">
<p 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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,224,524</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt;">
<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;">Cancellation of granted shares due to termination of executive employment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(200,000)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt; background-color: #daeef3;">
<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;">Shares vested and transferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(55,600)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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: 56.7pt; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">968,924</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-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 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>
<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'>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 style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br><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; height: 239px; width: 100%;" width="100%">

<tr style="height: 68px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 68px;">
<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;">Program</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 68px;">
<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;">Grant date</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; border-bottom: 1pt solid #000000 !important; height: 68px;">
<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;">Balance of number of shares granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; border-bottom: 1pt solid #000000 !important; height: 68px;">
<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;">Vesting period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; border-bottom: 1pt solid #000000 !important; height: 68px;">
<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;">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; width: 42.5pt; border-bottom: 1pt solid #000000 !important; height: 68px;">
<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;">Total grant costs, including taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 68px;">
<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; width: 56.7pt; border-bottom: 1pt solid #000000 !important; height: 68px;">
<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;">Accumulated recognized grant costs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 68px;">
<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; width: 53.85pt; border-bottom: 1pt solid #000000 !important; height: 68px;">
<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;">Accumulated unrecognized grant costs</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 240,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<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;">2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 12,642</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,321)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,321</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 42.5pt; 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;"> 33,638</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">2020 to 2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">38.19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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;"> 2,723</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">(1,751)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;"> 972</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 126,360</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<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;">2021 to 2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.35</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,451</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,132)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,319</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 42.5pt; 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;"> 80,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">19.58</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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;">3,691</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">(1,350)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;"> 2,341</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 80,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<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;">2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,030</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(677)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,353</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 42.5pt; 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;"> 494,202</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">2022 to 2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">23.25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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;"> 20,900</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">(8,330)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;"> 12,570</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 440,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<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;">2025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.42</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,965</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,800)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,165</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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;">Restricted and performance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 42.5pt; 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;"> 790,455</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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;">2023 to 2025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">12.53</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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;"> 18,653</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">(2,428)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;"> 16,225</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 16, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 700,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; height: 17px; background-color: #daeef3;">
<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;">2026</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.03</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,236</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(309)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 21,927</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 99.2pt; 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; width: 70.85pt; 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; width: 42.5pt; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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;"> 2,984,655</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; 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; width: 53.85pt; 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; width: 42.5pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 101,291</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,098)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 53.85pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 73,193</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';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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';"> R$ </font><font style="font-family: 'Times New Roman';">8,362</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';">9,048</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';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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%">

<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: #daeef3;">
<p 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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,738,660</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt;">
<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;">Shares granted on April 1, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">877,788</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt; background-color: #daeef3;">
<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;">Shares granted on September 16, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">700,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt;">
<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;">Cancellation of granted shares due to termination of executive employment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(278,801)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt; background-color: #daeef3;">
<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;">Cancellation of performance shares</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(52,992)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 360pt;">
<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;">Balance on September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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: 56.7pt; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,984,655</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 style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">9. Income and social contribution taxes&nbsp;</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: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Deferred income (IRPJ) and social contribution taxes (CSLL)</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 recognize </font><font style="font-family: 'Times New Roman';">deferred tax assets and liabilities</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> which are not subject to </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">statute of limitations, resulting from tax loss carryforwards, </font><font style="font-family: 'Times New Roman';">negative tax bases, </font><font style="font-family: 'Times New Roman';">temporary </font><font style="font-family: 'Times New Roman';">additions</font><font style="font-family: 'Times New Roman';">, among others.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Deferred tax assets </font><font style="font-family: 'Times New Roman';">are sustained by the continued profitability of their operations. Deferred IRPJ and CSLL are recognized under the following main categories:</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: 480px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets - deferred income and social contribution taxes on:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; height: 17px; background-color: #daeef3;">
<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: 7pt; height: 17px; background-color: #daeef3;">
<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: 51.6pt; height: 17px; background-color: #daeef3;">
<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: 7pt; height: 17px; background-color: #daeef3;">
<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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<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: top; width: 51.6pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 199.85pt; 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;">Provision for impairment of assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">51,900</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">72,377</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">Provisions for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138,115</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150,085</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Provision for post-employment benefits </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">1,398</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">88,893</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">92,199</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px; background-color: #daeef3;">
<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';">Provision for differences between cash and accrual basis (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 10px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">711,208</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,065</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Goodwill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">6,039</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">8,161</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px; background-color: #daeef3;">
<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;">Business combination &#8211; tax basis vs. accounting basis of goodwill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 10px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,707</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,745</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">15,355</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">14,762</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">Provision for suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">928</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,503</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,214</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Provision for profit sharing and bonus</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">5,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">46,623</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">44,818</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">884</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,174</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,003</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Change in fair value of subscription warrants</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">13,699</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">16,338</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">13,699</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">16,338</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">Other provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,085</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45,316</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Tax losses and negative basis for social contribution carryforwards (9.d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,632</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,440</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">278,140</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,522</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,697,741</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,076,223</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; 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: bottom; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,956)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p 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: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(629,497)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(422,529)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net balance of deferred taxes assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,566</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,068,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">653,694</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: 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: bottom; width: 51.6pt; 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: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities - deferred income and social contribution taxes on:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 10px; background-color: #daeef3;">
<p 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: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p 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: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p 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: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p 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: bottom; width: 199.85pt; 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;">Revaluation of PP&amp;E</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">1,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">1,866</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,356</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<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';">Provision for differences between cash and accrual basis (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">877</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">461,229</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">257,718</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">Provision for goodwill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,978</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,186</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Business combination &#8211; fair value of assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">112,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">114,125</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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;">Temporary differences in foreign subsidiary</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,079</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,371</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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; width: 199.85pt; 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;">Other provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p 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: bottom; width: 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: bottom; width: 51.6pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p 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: bottom; width: 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: bottom; width: 51.6pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,979</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,809</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,956</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">681,674</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">430,060</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; 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: bottom; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,956)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p 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: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(629,497)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(422,529)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net balance of deferred taxes liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p 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: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p 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: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,177</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 51.6pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,531</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><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) Refers mainly to the income tax on the exchange variation of the </font><font style="font-family: 'Times New Roman';">derivate </font><font style="font-family: 'Times New Roman';">hedging instruments.</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'>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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Changes in </font><font style="font-family: 'Times New Roman';">the net balance of </font><font style="font-family: 'Times New Roman';">deferred IRPJ and CSLL 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; height: 140px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Initial balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">41,613</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; 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: 51.6pt; 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;">14,034</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; 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: 51.6pt; 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;">646,163</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; 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: 51.6pt; 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;">504,890</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Deferred IRPJ and CSLL recognized in income of the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">8,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">46,804</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">(90,500)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Deferred IRPJ and CSLL recognized in other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">305,204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">64,310</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">17,896</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">3,248</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">Final balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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;">50,566</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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;">17,143</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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;">1,016,067</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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;">481,948</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 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'; 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: bottom; width: 294.8pt; 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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 62.35pt; height: 17px; border-bottom: 1pt solid #000000 !important; background-color: #cceeff;">
<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;">Parent</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; 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; width: 62.35pt; height: 17px; border-bottom: 1pt solid #000000 !important; background-color: #cceeff;">
<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;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 294.8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">19,154</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">254,651</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 294.8pt; 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;">From 1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">12,070</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; 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: 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;">81,529</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 294.8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">2,869</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">141,760</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 294.8pt; 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;">From 3 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">5,710</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; 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: 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;">156,334</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 294.8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 5 to 7 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">8,572</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">660,802</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 294.8pt; 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;">From 7 to 10 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">6,147</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; 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: 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;">402,665</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 294.8pt; 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 of deferred tax assets relating to IRPJ and CSLL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 62.35pt; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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;">54,522</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 62.35pt; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,697,741</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';">In order to evaluate the realization of</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">deferred tax assets, the taxable income projections from</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">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.</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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 2pt 0pt 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;">b. Reconciliation of income and social contribution taxes</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;">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'; 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: 264px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income (loss) before taxes and share of profit (loss) of subsidiaries, joint ventures, and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,385)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,800</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">883,388</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,086,096</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statutory tax rates &#8211; %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">34</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; 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; width: 51.6pt; height: 10px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,431</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,332)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(300,352)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 51.6pt; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(369,273)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; 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; width: 51.6pt; 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; width: 7pt; 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; width: 51.6pt; 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; width: 7pt; 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; width: 51.6pt; 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; width: 7pt; 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; width: 51.6pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Nondeductible expenses (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,657)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(594)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,991)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(41,228)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nontaxable revenues (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">7,098</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">22,398</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">24,568</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Adjustment to estimated income (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,908</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,245</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Unrecorded deferred income and social contribution taxes carryforwards deferred (iv)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">(119,686)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">(64,769)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p 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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(63)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,415</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,374</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; 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; width: 51.6pt; height: 10px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,783</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(413,308)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-top: 0.5pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(428,083)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tax incentives - SUDENE</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,630</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,891</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; 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; width: 51.6pt; height: 10px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,783</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(356,678)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(397,192)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">(403,482)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">(306,692)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,804</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(90,500)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effective IRPJ and CSLL rates &#8211; %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">19.4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">(31.7)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">40.4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">36.6</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 style="width: 100%; margin-left: 0.1px; height: 85px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="width: 3%; height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 97%; height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 9pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">onsist&nbsp;of certain expenses that cannot be deducted for tax purposes under applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">,</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">negative effects of foreign subsidiaries&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">and certain provisions</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 5px 0px 0px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: 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></td>
<td style="height: 17px; vertical-align: top; padding: 5px 1px 1px;" valign="top"><font style="font-size: 9pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">onsist&nbsp;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><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 5px 0px 0px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: 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="height: 17px; vertical-align: top; padding: 5px 1px 1px;" valign="top"><font style="font-size: 9pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">7</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">8 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&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">adjustment to estimated income represents the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">difference between the taxation under this alternative method and the income and social contribution taxes that would have been pa</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">id</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">&nbsp;based on the effective statutory rate applied to the taxable income of these subsidiaries</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">.</font></font></td>
</tr>
<tr>
<td valign="top" style="vertical-align: top; padding: 5px 0px 0px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iv)</font></td>
<td valign="top" style="vertical-align: top; padding: 5px 1px 1px;"><font style="font-size: 9pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">See Note 9.d</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.4px; 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-family: 'Times New Roman';">.</font></font></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'>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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<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'; font-style: italic; font-weight: bold;">c. Tax </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;">ncentives &#8211; SUDENE</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 following subsidiaries are entitled to federal tax benefits providing for IRPJ reduction under the program for development of northeastern Brazil operated by the </font><font style="font-family: 'Times New Roman';">Superintendence</font><font style="font-family: 'Times New Roman';"> for the Development of the Northeast (&#8220;SUDENE&#8221;)</font><font style="font-family: 'Times New Roman';">, as shown below</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: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 277px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 219.75pt; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Subsidiary</font></p>
</td>
<td style="vertical-align: bottom; width: 72.25pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Units</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'; font-size: 8pt; font-weight: bold;">Incentive - %</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'; font-size: 8pt; font-weight: bold;">Expiration</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 219.75pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Bahiana</font><font style="font-family: 'Times New Roman';"> Distribuidora de G&#225;s Ltda.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 72.25pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Mataripe</font><font style="font-family: 'Times New Roman';"> base</font></font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: center; 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;">
<td style="vertical-align: bottom; width: 219.75pt; 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="vertical-align: bottom; width: 72.25pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Caucaia</font><font style="font-family: 'Times New Roman';"> base</font></font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 219.75pt; background-color: #daeef3; 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="vertical-align: bottom; width: 72.25pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Juazeiro base</font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 219.75pt; 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="vertical-align: bottom; width: 72.25pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aracaju base</font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 219.75pt; background-color: #daeef3; 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="vertical-align: bottom; width: 72.25pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Suape</font><font style="font-family: 'Times New Roman';"> base</font></font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 219.75pt; 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="vertical-align: bottom; width: 72.25pt; text-align: center; 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="vertical-align: bottom; width: 70.85pt; text-align: center; 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="vertical-align: bottom; width: 56.7pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 219.75pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Terminal Qu&#237;mico de Aratu S.A. &#8211; </font><font style="font-family: 'Times New Roman';">Tequimar</font></font></p>
</td>
<td style="vertical-align: bottom; width: 72.25pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Suape</font><font style="font-family: 'Times New Roman';"> terminal</font></font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: center; 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;">
<td style="vertical-align: bottom; width: 219.75pt; 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="vertical-align: bottom; width: 72.25pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Aratu</font><font style="font-family: 'Times New Roman';"> terminal</font></font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 219.75pt; background-color: #daeef3; 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="vertical-align: bottom; width: 72.25pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Itaqui</font><font style="font-family: 'Times New Roman';"> terminal</font></font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 219.75pt; 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="vertical-align: bottom; width: 72.25pt; text-align: center; 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="vertical-align: bottom; width: 70.85pt; text-align: center; 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; width: 56.7pt; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 219.75pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oleoqu&#237;mica</font><font style="font-family: 'Times New Roman';"> Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda.</font></font></p>
</td>
<td style="vertical-align: bottom; width: 72.25pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cama&#231;ari</font><font style="font-family: 'Times New Roman';"> plant</font></font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: center; 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;">
<td style="vertical-align: bottom; width: 219.75pt; 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="vertical-align: bottom; width: 72.25pt; text-align: center; 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; width: 70.85pt; text-align: center; 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; width: 56.7pt; text-align: center; height: 17px;">
<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: 22px; background-color: #daeef3;">
<td style="vertical-align: bottom; width: 219.75pt; background-color: #daeef3; height: 22px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio </font><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: bottom; width: 72.25pt; background-color: #daeef3; text-align: center; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cama&#231;ari</font><font style="font-family: 'Times New Roman';"> plant</font></font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; background-color: #daeef3; text-align: center; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: center; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 219.75pt; 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="vertical-align: bottom; width: 72.25pt; text-align: center; 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; width: 70.85pt; text-align: center; 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; width: 56.7pt; text-align: center; height: 17px;">
<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: #daeef3;">
<td style="vertical-align: bottom; width: 219.75pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>
</td>
<td style="vertical-align: bottom; width: 72.25pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cama&#231;ari</font><font style="font-family: 'Times New Roman';"> plant</font></font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: center; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</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'; vertical-align: super; font-size: 7pt;">(1) </font><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman';">The request to transfer the right to reduce the IRPJ to </font><font style="font-family: 'Times New Roman';">Oxiteno</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';">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';">was</font><font style="font-family: 'Times New Roman';"> submitted to SUDENE</font><font style="font-family: 'Times New Roman';"> and waits decision</font><font style="font-family: 'Times New Roman';">.</font></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-weight: normal;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-weight: normal;">&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. Income and social contribution taxes carryforwards</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</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">September</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';">the Company and </font><font style="font-family: 'Times New Roman';">certain subsidiaries ha</font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">tax </font><font style="font-family: 'Times New Roman';">loss carryforwards </font><font style="font-family: 'Times New Roman';">related to </font><font style="font-family: 'Times New Roman';">income tax</font><font style="font-family: 'Times New Roman';"> (IRPJ)</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';">R$ </font><font style="font-family: 'Times New Roman';">1,823,039</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';">1,268,964</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 negative basis of CSLL of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1,824,789</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">1,270,714</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';">, whose compensations are limited to 30% of taxable income</font><font style="font-family: 'Times New Roman';"> in a given tax year</font><font style="font-family: 'Times New Roman';">, which do not expire.</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'>46</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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The balances which are constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution base 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: 205px; 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; 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: middle; width: 56.7pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 306.15pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">223,061</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">148,306</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; 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; 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;">72,318</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: 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;">72,318</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 306.15pt; height: 17px; background-color: #daeef3;">
<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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,388</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: #daeef3;">
<p 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; width: 306.15pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar</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;">33,591</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: 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;">27,051</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Iconic</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,657</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Abastece</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">A&#237;</font></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;">1,601</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: 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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tequimar Vila do Conde</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">327</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: #daeef3;">
<p 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; width: 306.15pt; height: 17px;">
<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; 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;">108</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: 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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LIZSPE</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p 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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: #daeef3;">
<p 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; width: 306.15pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cia Ultragaz</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: bottom; width: 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: 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;">12,808</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 18px; background-color: #daeef3;">
<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: 56.7pt; height: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,440</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p 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: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">278,140</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';">balances which are not constituted</font><font style="font-family: 'Times New Roman';"> of deferred </font><font style="font-family: 'Times New Roman';">taxes related to </font><font style="font-family: 'Times New Roman';">income </font><font style="font-family: 'Times New Roman';">tax loss carryforwards </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">negative basis of </font><font style="font-family: 'Times New Roman';">social contribution </font><font style="font-family: 'Times New Roman';">base </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>
<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: bottom; width: 306.15pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 10px; background-color: #daeef3;">
<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: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">304,604</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p 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: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">237,664</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Millennium</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">455</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">96</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Integra </font><font style="font-family: 'Times New Roman';">Frotas</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,965</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,636</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; 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; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312,024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,396</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;">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'; 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: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 305.65pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; break-after: avoid; 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: 56.6pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 305.65pt; 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; width: 56.6pt; 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;">US$</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> (thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.6pt; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">US$ </font></p>
<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;">(thousands)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 305.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> USA</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">210,882</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,781</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 305.65pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Uruguai</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.6pt; 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;">8,057</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 56.6pt; 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;">7,444</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 305.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> International</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,487</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 56.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,420</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 305.65pt; 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; width: 56.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">227,426</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">202,645</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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit; font-weight: bold;">10. Prepaid expenses</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></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: 266px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,901</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,106</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advertising and publicity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">28,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">24,857</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred stock plan, net (see Note 8.c)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,844</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,871</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,965</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Insurance premiums</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">2,235</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">327</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">46,165</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">61,884</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software maintenance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,216</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,495</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,216</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Employee benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">538</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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: bottom; width: 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: bottom; width: 51.6pt; 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;">9,376</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">3,425</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IPVA and IPTU</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,288</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">937</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contribution - private pension fund (see Note 20.a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">40,649</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,931</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,181</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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; width: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,867</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">327</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">216,176</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 18px; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">180,571</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p 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: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 51.6pt; 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;">4,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">72</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">136,357</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 51.6pt; 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;">111,355</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,417</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,819</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,216</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="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">11. Contractual </font><font style="font-family: 'Times New Roman'; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ssets with </font><font style="font-family: 'Times New Roman'; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ustomers &#8211; </font><font style="font-family: 'Times New Roman'; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold;">xclusive </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ights (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';">Refers to exclusive rights disbursements of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ipiranga&#8217;s</font><font style="font-family: 'Times New Roman';"> agreements with reseller service stations and major consumers that are recognized at the time of their occurrence and recognized as a reduction of the </font><font style="font-family: 'Times New Roman';">revenue from sales and services</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the statement </font><font style="font-family: 'Times New Roman';">of profit or loss </font><font style="font-family: 'Times New Roman';">according to the conditions established in the agreement</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">amortization in </font><font style="font-family: 'Times New Roman';">weighted </font><font style="font-family: 'Times New Roman';">average </font><font style="font-family: 'Times New Roman';">term of </font><font style="font-family: 'Times New Roman';">five</font><font style="font-family: 'Times New Roman';"> years</font><font style="font-family: 'Times New Roman';">), being</font><font style="font-family: 'Times New Roman';"> reviewed as changes occur under the terms of the agreements.</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';">Balance and</font><font style="font-family: 'Times New Roman';"> changes are 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="100%">

<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,465,989</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">436,725</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(224,441)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,695)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<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 September 30, 2020</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,664,578</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<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: 7pt;">
<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: 51.6pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">481,130</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 7pt;">
<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: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,183,448</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<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: bottom; width: 7pt;">
<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: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,518,477</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">231,737</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(273,383)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,717)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<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 September 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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: 51.6pt; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,459,114</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p 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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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; width: 7pt;">
<p 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: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">481,498</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 368.5pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">977,616</font></p>
</td>
</tr>

</table>
<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'>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>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; line-height: inherit;"> </font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; line-height: inherit;"> S.A. and Subsidiaries</font><br></p>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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: 9pt; line-height: inherit;">&nbsp;</font></p>
<font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">12. </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Investments</font>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">a.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Subsidiaries and joint venture (Parent)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The table below present</font><font style="font-family: 'Times New Roman'; line-height: inherit;">s</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">the full </font><font style="font-family: 'Times New Roman'; line-height: inherit;">amounts</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">of </font><font style="font-family: 'Times New Roman'; line-height: inherit;">statements of financial position</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and </font><font style="font-family: 'Times New Roman'; line-height: inherit;">statements of profit or </font><font style="font-family: 'Times New Roman'; line-height: inherit;">loss of</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> subsidiaries and joint venture:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td colspan="10" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 86.2745%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td colspan="6" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.5539%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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; line-height: inherit;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.152%; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.31373%; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.08333%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.1716%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Joint venture</font></p>
</td>
</tr>
<tr style="height: 38pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultracargo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> - </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Log&#237;sticas</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Ltda. </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&nbsp; </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.8676%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ipiranga</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Produtos</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.7843%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultrapar</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> International S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.61765%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">UVC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.152%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Centro de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Conveni&#234;ncias</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Millennium</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Ltda.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.31373%;">
<p style="margin: 0pt; text-align: center;"><font><font style="font-size: 10.6667px;"><b>Ea&#237; Clube Automobilista S.A.</b></font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.08333%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.1716%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Refinaria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Riograndense</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,839,764</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">35,102,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.8676%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">224,467,228,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.7843%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">49,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.61765%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.152%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15,194,789</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.31373%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.08333%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.1716%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,393,573</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,343,242</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.8676%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">19,475,325</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,953,709</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.61765%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,893</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.152%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,691</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.31373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">84,167</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.1716%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">402,176</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,383</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,880,683</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.8676%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,279,914</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.7843%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,000,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.61765%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">26</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.152%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,257</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.31373%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.08333%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.1716%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">404,839</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,390,190</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,462,559(*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.8676%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,195,411(*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(47,090)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.61765%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,867</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.152%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,434</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.31373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">75,929</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.1716%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,663)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,864,775</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.8676%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">46,022,827</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.7843%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.61765%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.152%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,511</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.31373%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,893</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.08333%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.1716%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,081,968</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">127,883</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">38,691(*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.8676%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">384,804(*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(19,590)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.61765%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,413)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.152%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,055)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.31373%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(4,065)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.1716%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(61,129)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13.6029%; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6618%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.8676%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.7843%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.61765%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.152%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.31373%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.08333%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.1716%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
<div style="margin: 0px; text-indent: 0px;">
<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; line-height: inherit;" 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>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font style="line-height: inherit;">&nbsp;</font>Participa&#231;&#245;es<font style="line-height: inherit;">&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font style="line-height: inherit;">&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 129px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td colspan="6" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">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: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Joint venture</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.65pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultracargo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> - </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Log&#237;sticas</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Ltda. </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&nbsp; </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ipiranga</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Produtos</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultrapar</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> International S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.1pt; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Refinaria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Riograndense</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,839,764</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">35,102,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">49,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Assets</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,264,707</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,475,473</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">18,052,890</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,192,235</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">562,445</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,710</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,672,264</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,032,143</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,219,735</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">505,851</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Equity</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,261,997</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,803,209(*)</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,020,747(*)</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(27,500)</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">56,594</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td colspan="6" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.1pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Joint venture</font></p>
</td>
</tr>
<tr style="height: 37px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.65pt; height: 37px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 37px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultracargo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> - </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Log&#237;sticas</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Ltda. </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 37px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&nbsp; </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 37px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ipiranga</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Produtos</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 37px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultrapar</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> International S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 37px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.1pt; height: 37px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Refinaria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Riograndense</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,839,764</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">35,102,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">49,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net revenue from sales and services</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,059,174</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">53,795,806</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,530,851</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13,770</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">120,744(*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">532,042(*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(36,711)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(8,274)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of capital held</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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">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-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">(*) </font><font style="font-family: 'Times New Roman'; line-height: inherit;">A</font><font style="font-family: 'Times New Roman'; line-height: inherit;">djusted for intercompany unrealized profits</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The percentages in the table above are rounded.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The f</font><font style="font-family: 'Times New Roman'; line-height: inherit;">inancial information </font><font style="font-family: 'Times New Roman'; line-height: inherit;">from our business segments</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> is detailed in Note </font><font style="font-family: 'Times New Roman'; line-height: inherit;">32</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.</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; line-height: inherit;" 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 style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: -2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</div>
<p style="line-height: 1;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; line-height: inherit;"> </font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; line-height: inherit;"> S.A. and Subsidiaries</font><br></p>
<div>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: -2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">B</font><font style="font-family: 'Times New Roman'; line-height: inherit;">alances and changes in subsidiaries and joint venture are as follows:</font></font></p>
<p style="margin: -2pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 294px; width: 99.908%;" width="100%">

<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt;"><font style="font-size: 11pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></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: 11pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td colspan="13" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; 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; line-height: inherit;">Subsidiaries</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: 8pt; line-height: inherit;">&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: 8pt; font-weight: bold; line-height: inherit;">Joint venture</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&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: 11pt; line-height: inherit;">&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: 11pt; line-height: inherit;">&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; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultracargo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Log&#237;sticas</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Ltda. </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; line-height: inherit;">&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; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&nbsp; </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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ipiranga</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Produtos</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">UVC</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; line-height: inherit;">&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; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Centro de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Conveni&#234;ncias</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Millennium</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Ltda.</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><b style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ea&#237;<font>&nbsp;</font>Clube<font>&nbsp;</font></b></p>
<p style="margin: 0pt; text-align: center;"><b style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Automobilista<font>&nbsp;</font></b></p>
<p style="margin: 0pt; text-align: center;"><b style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">S.A.</b></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; line-height: inherit;">&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; line-height: inherit;">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'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Refinaria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Riograndense</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</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; line-height: inherit;">&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; line-height: inherit;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 28%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; border-top: 1pt solid #000000; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,261,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; border-top: 1pt solid #000000; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,803,209</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; border-top: 1pt solid #000000; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,020,747</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; border-top: 1pt solid #000000; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; border-top: 1pt solid #000000; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; border-top: 1pt solid #000000; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; border-top: 1pt solid #000000; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10,085,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; border-top: 1pt solid #000000; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">18,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; border-top: 1pt solid #000000; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10,104,745</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; line-height: inherit;">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'; font-size: 10pt; line-height: inherit;">&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; line-height: inherit;">127,883</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; line-height: inherit;">&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; line-height: inherit;">38,691</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; line-height: inherit;">&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; line-height: inherit;">384,804</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; line-height: inherit;">&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; line-height: inherit;">(2,413)</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; line-height: inherit;">&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; line-height: inherit;">(1,055)</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; line-height: inherit;">&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; line-height: inherit;">(4,065)</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; line-height: inherit;">&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; line-height: inherit;">543,845</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; line-height: inherit;">&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; line-height: inherit;">(20,297)</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; line-height: inherit;">&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; line-height: inherit;">523,548</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(86,954)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(209,249)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(296,203)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(165)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(296,368)</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'; font-size: 10pt; line-height: inherit;">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'; font-size: 10pt; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">(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'; font-size: 10pt; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">(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'; font-size: 10pt; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">(6)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">303</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">484</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">816</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,603</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,603</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; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Valuation adjustment of subsidiaries (</font><font style="font-family: 'Times New Roman'; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; line-height: inherit;">)</font></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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">42</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(491,549)</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(31)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(491,544)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">786</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(490,758)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Translation adjustments of foreign-based subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">198,678</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">198,678</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">198,678</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; line-height: inherit;">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'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,280</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,300</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">80,000</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">90,580</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">90,580</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">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: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(35)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(481)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(516)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(516)</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-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Shareholder transaction - changes of </font><font style="font-family: 'Times New Roman'; line-height: inherit;">investiments</font></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'; font-size: 10pt; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">(1,189)</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; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">1,189</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; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">-</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; line-height: inherit;">&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; line-height: inherit;">-</font></p>
</td>
</tr>
<tr>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">Transfer to provision for short-term liabilities</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; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;">884</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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;">884</font></td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 1,390,190</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 1,462,559</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 7,195,411</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 1,867</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3; border-bottom: 2.8pt double #000000 !important; border-top: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 6,434</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 75,929</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 10,132,390</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 10,132,390</font></p>
</td>
</tr>

</table>
<p style="margin: -2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 11pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">(</font><font style="font-family: 'Times New Roman'; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; line-height: inherit;">) </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Refers, substantially to </font><font style="font-family: 'Times New Roman'; line-height: inherit;">losses on the hedging instruments of exchange rate related to firm commitment and highly probable transactions designated as cash flows hedges</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, see Note 33.h.2.</font></font></font></p>
<p style="margin: -2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&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; line-height: inherit;" 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="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font style="line-height: inherit;">&nbsp;</font>Participa&#231;&#245;es<font style="line-height: inherit;">&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font style="line-height: inherit;">&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="height: 109px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 238.5pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="vertical-align: bottom; width: 163.5pt; 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;">Provision for short-term liabilities</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 72pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 238.5pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; width: 82.5pt; 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;">Investiments</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> in subsidiaries</font></font></p>
</td>
<td style="vertical-align: middle; width: 9pt; 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="vertical-align: middle; width: 72pt; 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;">Joint venture</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 72pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 238.5pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; 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: 82.5pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; 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: 72pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; 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: 72pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 238.5pt; height: 17px; background-color: #daeef3;">
<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="vertical-align: bottom; width: 9pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 82.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,497)</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72pt; height: 17px; background-color: #daeef3;">
<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; width: 9pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,497)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 238.5pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries and joint venture</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; 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: 82.5pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,588)</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; 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: 72pt; 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; width: 9pt; 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: 72pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,588)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 238.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for short-term liabilities</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 82.5pt; height: 17px; background-color: #daeef3; border-bottom-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="vertical-align: bottom; width: 9pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72pt; height: 17px; background-color: #daeef3; border-bottom-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;">(884)</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72pt; height: 17px; background-color: #daeef3; border-bottom-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;">(884)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 238.5pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Balance as of September 30, 2020</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; 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: 82.5pt; 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;">(47,085)</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; 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: 72pt; 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;">(884)</font></p>
</td>
<td style="vertical-align: bottom; width: 9pt; 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: 72pt; 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;">(47,969)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-align: justify; text-indent: 0px;"><br></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: 198.25pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></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'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">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'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 68px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 68px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 68px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 68px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultracargo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> - </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Log&#237;sticas</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Ltda. </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&nbsp; </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ipiranga</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Produtos</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultrapar</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> International S.A. (i)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 68px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Refinaria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Riograndense</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3; 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; line-height: inherit;">1,277,423</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3; 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; line-height: inherit;">2,806,655</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3; 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; line-height: inherit;">5,415,812</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3; 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; line-height: inherit;">9,590</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3; 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; line-height: inherit;">9,509,480</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3; 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; line-height: inherit;">20,118</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3; 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; line-height: inherit;">9,529,598</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">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: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13,770</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">120,744</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">532,094</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(36,708)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">629,900</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,747)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">627,153</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(50,015)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,011,490)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(198,000)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,259,505)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,221)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,260,726)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Tax liabilities on equity - method revaluation reserve</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'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(27)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(27)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(27)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">178</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">486</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,723</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,387</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,387</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Valuation adjustment of subsidiaries</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'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(103,587)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">738</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(102,824)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">83</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(102,741)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Translation adjustments of foreign-based subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23,328</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23,328</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23,328</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Capital increase in cash</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'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,450,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,964</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,453,964</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,453,964</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Redemption of non-controlling shares of </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Oxiteno</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Nordeste</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">402</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(856)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(454)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-&nbsp;&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(454)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.25pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of September 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'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 18px; border-top: 1pt solid #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'; font-size: 10pt; line-height: inherit;">1,241,783</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.65pt; height: 18px; border-top: 1pt solid #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'; font-size: 10pt; line-height: inherit;">1,835,280</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; border-top: 1pt solid #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'; font-size: 10pt; line-height: inherit;">7,205,340</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; border-top: 1pt solid #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'; font-size: 10pt; line-height: inherit;">(23,154)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 18px; border-top: 1pt solid #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'; font-size: 10pt; line-height: inherit;">10,259,249</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.25pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; border-top: 1pt solid #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'; font-size: 10pt; line-height: inherit;">16,233</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; border-top: 1pt solid #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'; font-size: 10pt; line-height: inherit;">10,275,482</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: left;"><br></p>
<p style="margin: 0pt; text-align: left;">(i) Negative balance corresponds to the provision for short-term liabilities.</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; line-height: inherit;" 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>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font style="line-height: inherit;">&nbsp;</font>Participa&#231;&#245;es<font style="line-height: inherit;">&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font style="line-height: inherit;">&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p><font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;">&nbsp;</font><br></p>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Joint ventures (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';">The Company holds an interest in </font><font style="font-family: 'Times New Roman';">Refinaria</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Riograndense</font><font style="font-family: 'Times New Roman';"> (&#8220;</font><font style="font-family: 'Times New Roman';">RPR</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in oil refining.</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';">subsidiary</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">&#8211; Opera&#231;&#245;es Log&#237;sticas e</font><font style="font-family: 'Times New Roman';"> Participa&#231;&#245;es </font><font style="font-family: 'Times New Roman';">Ltda. (&#8220;</font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';"> Participa&#231;&#245;es&#8221;) </font><font style="font-family: 'Times New Roman';">holds</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">an</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';"> in Uni</font><font style="font-family: 'Times New Roman';">&#227;</font><font style="font-family: 'Times New Roman';">o </font><font style="font-family: 'Times New Roman';">Vopak</font><font style="font-family: 'Times New Roman';"> &#8211; Armaz&#233;ns Gerais Ltda. </font><font style="font-family: 'Times New Roman';">(&#8220;</font><font style="font-family: 'Times New Roman';">Uni&#227;o</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Vopak</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in liquid bulk storage in the port of </font><font style="font-family: 'Times New Roman';">Paranagu&#225;</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 subsidiary IPP holds an interest in </font><font style="font-family: 'Times New Roman';">ConectCar</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in </font><font style="font-family: 'Times New Roman';">automatic</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">payment of tolls</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">parking </font><font style="font-family: 'Times New Roman';">in the State</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';">Bahia, </font><font style="font-family: 'Times New Roman';">Cear&#225;</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">Esp&#237;rito</font><font style="font-family: 'Times New Roman';"> Santo, </font><font style="font-family: 'Times New Roman';">Goi&#225;s</font><font style="font-family: 'Times New Roman';">, 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><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 September 23, 2019, </font><font style="font-family: 'Times New Roman';">for the port concession </font><font style="font-family: 'Times New Roman';">BEL02A</font><font style="font-family: 'Times New Roman';"> at</font><font style="font-family: 'Times New Roman';"> the port of Miramar, </font><font style="font-family: 'Times New Roman';">Latitude </font><font style="font-family: 'Times New Roman';">Log</font><font style="font-family: 'Times New Roman';">&#237;</font><font style="font-family: 'Times New Roman';">stica</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Portu&#225;ria</font><font style="font-family: 'Times New Roman';"> S.A. (&#8220;Latitude&#8221;) was </font><font style="font-family: 'Times New Roman';">incorporated</font><font style="font-family: 'Times New Roman';">. On August 5, 2019, </font><font style="font-family: 'Times New Roman';">Navegantes</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Log&#237;stica</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Portu&#225;ria</font><font style="font-family: 'Times New Roman';"> S.A. (&#8220;</font><font style="font-family: 'Times New Roman';">Navegantes</font><font style="font-family: 'Times New Roman';">&#8221;) was </font><font style="font-family: 'Times New Roman';">incorporated</font><font style="font-family: 'Times New Roman';"> for the port of Vit&#243;ria. On August 19, 2019, in the city of </font><font style="font-family: 'Times New Roman';">Cabedelo</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">Nordeste</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Log&#237;stica</font><font style="font-family: 'Times New Roman';"> I S.A. ("</font><font style="font-family: 'Times New Roman';">Nordeste</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Log&#237;stica</font><font style="font-family: 'Times New Roman';"> I"), </font><font style="font-family: 'Times New Roman';">Nordeste</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Log&#237;stica</font><font style="font-family: 'Times New Roman';"> II S.A. ("</font><font style="font-family: 'Times New Roman';">Nordeste</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Log&#237;stica</font><font style="font-family: 'Times New Roman';"> II") and </font><font style="font-family: 'Times New Roman';">Nordeste</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Log&#237;stica</font><font style="font-family: 'Times New Roman';"> III S.A. ("</font><font style="font-family: 'Times New Roman';">Nordeste</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Log&#237;stica</font><font style="font-family: 'Times New Roman';"> III&#8221;) </font><font style="font-family: 'Times New Roman';">were </font><font style="font-family: 'Times New Roman';">incorporated</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';">4</font><font style="font-family: 'Times New Roman';">.c</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';">These investments are accounted for under the equity method of accounting based on their </font><font style="font-family: 'Times New Roman';">interim financial information </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';">of </font><font style="font-family: 'Times New Roman';">September</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;"><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'>53</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;">
<div style="width: 8.5in; margin: 0 auto;">
<p><br></p>
<div>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">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'; 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: 144px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Uni&#227;o</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Vopak</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">ConectCar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Latitude </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;stica</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Navegantes</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;stica</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Nordeste</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;stica</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> I</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Nordeste</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;stica</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> II</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Nordeste</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;stica</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> III</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px; background-color: #daeef3;">
<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: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<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; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82,818</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,351</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,581</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,930</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,183</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,079</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<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: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,303</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Capital decrease (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<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: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(363)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(363)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px;">
<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: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">786</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">786</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<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: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(165)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(165)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">574</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<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: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,297)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,187)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31,910)</font></p>
</td>
</tr>
<tr style="background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; background-color: #daeef3;">Transfer to provision for short-term liabilities</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: right;">884</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; 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;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; 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;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3; text-align: right;">884</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,916</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,631</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,351</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,218</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,233</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,183</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,079</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,611</font></p>
</td>
</tr>

</table>
<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-size: 10pt;"><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) Refers to reimbursement of expenses that preceded the port auctions and that were apportioned among the other members of the consortium.</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: 0px; font-family: 'times new roman'; font-size: 10pt; width: 70%; float: left;" width="70%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 233.8pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 78.75pt; height: 10px; border-bottom: 1pt solid #000000; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Provision for short-term </font><font style="font-family: 'Times New Roman'; font-weight: bold;">liabilities</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 233.8pt; 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; width: 78.75pt; height: 17px; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 233.8pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 78.75pt; height: 17px; background-color: #daeef3;">
<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; width: 233.8pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for short-term liabilities&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 78.75pt; 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;">(884)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 233.8pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 78.75pt; height: 18px; background-color: #daeef3; 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;">(884)</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: 11pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
</div>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="padding: 0px; text-align: center;"><br></td>
</tr>
<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>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1;"><br></p>
<div>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian Reais, unless otherwise stated)&nbsp;&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 125px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.9pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Uni&#227;o</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Vopak</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">ConectCar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Latitude </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;stica</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 56.7pt; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: bottom; width: 56.9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,446</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,118</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">74,390</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101,954</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.9pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,939</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.9pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,473)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,221)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,694)</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,728</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,747)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,200)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,219)</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of September 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.9pt; height: 20px; 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'; font-size: 10pt;">7,701</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; 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'; font-size: 10pt;">16,233</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; 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'; font-size: 10pt;">72,690</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; 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'; font-size: 10pt;">5,439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 56.7pt; height: 20px; 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'; font-size: 10pt;">102,063</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The table below presents the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">statements of financial position</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and </font><font style="font-family: 'Times New Roman'; line-height: inherit;">statements of profit or </font><font style="font-family: 'Times New Roman'; line-height: inherit;">loss of</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">joint ventures:&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 243px; width: 100%;" width="100%">

<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-size: 11pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 18px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2020</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Uni&#227;o</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Vopak</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">RPR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">ConectCar</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,910</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">262,608</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">157,500</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,080</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">139,568</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">169,324</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">335,565</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">145,323</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">136</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">69,274</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">239</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15,832</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,663)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">181,262</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,318</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,081,968</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">68,665</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(10,704)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,153,200)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(93,568)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(466)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10,103</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">530</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,148</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(61,129)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(24,373)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">29,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,078,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">248,768,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&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; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-size: 11pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Uni&#227;o</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Vopak</font></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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">RPR</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">ConectCar</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,818</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">428,880</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">159,972</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,182</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">133,565</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">161,817</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,116</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">418,289</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">155,542</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">87,562</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">612</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">14,684</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">56,594</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">165,635</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">29,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,078,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">228,768,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&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; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Uni&#227;o</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Vopak</font></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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">RPR</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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">ConectCar</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,530,851</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">57,320</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(8,338)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,544,816)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(98,185)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(808)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,691</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,466</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,456</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(8,274)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(38,399)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">29,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,078,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">228,768,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 240.95pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.8pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.75pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The percentages in the table above are rounded.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&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'>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; line-height: 1;"><br></p>
<br></div>
<div>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">c. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Associates (Consolidated)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Subsidiary IPP holds an interest in </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Transportadora</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Sulbrasileira</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> S.A., which is primarily engaged in natural gas transportation services.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Subsidiary </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Oxiteno</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> S.A</font><font style="font-family: 'Times New Roman'; line-height: inherit;">. </font><font style="font-family: 'Times New Roman'; line-height: inherit;">holds an interest in </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Oxicap</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> de Gases Ltda. (&#8220;</font><font style="font-family: 'Times New Roman'; line-height: inherit;">Oxicap</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8221;), which is primarily engaged in the supply of nitrogen and oxygen for its shareholders in the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Mau&#225;</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> petrochemical complex.</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">T</font><font style="font-family: 'Times New Roman'; line-height: inherit;">he subsidiary </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Oxiteno</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> S.A.</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">holds an interest in </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Qu&#237;mica</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> da Bahia </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> S.A., which is primarily engaged in manufacturing, marketing</font><font style="font-family: 'Times New Roman'; line-height: inherit;">,</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and processing of chemicals. The operations of this associate are currently suspended.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Subsidiary Cia.</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> Ultragaz</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> holds an interest in </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Metal&#250;rgica</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> Plus S.A., which is primarily engaged in the manufacture and trading of LPG containers. The operations of this associate are currently suspended.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Subsidiary </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Cia. Ultragaz</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> holds an interest in </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Plenog&#225;s</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Distribuidora</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> S.A., which is primarily engaged in the marketing of LPG. The operations of this associate are currently suspended.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The</font><font style="font-family: 'Times New Roman'; line-height: inherit;">se</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> investment</font><font style="font-family: 'Times New Roman'; line-height: inherit;">s</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">are</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> accounted for under the equity method of accounting based on</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> the</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> int</font><font style="font-family: 'Times New Roman'; line-height: inherit;">erim </font><font style="font-family: 'Times New Roman'; line-height: inherit;">financial </font><font style="font-family: 'Times New Roman'; line-height: inherit;">information</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> as of</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">September</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> 3</font><font style="font-family: 'Times New Roman'; line-height: inherit;">0</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, 2020.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Balances and changes in associates are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 115px; width: 100%;" width="100%">

<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Transportadora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Sulbrasileira</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxicap</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de Gases Ltda.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Qu&#237;mica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> da Bahia </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Metal&#250;rgica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Plus S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Plenog&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Distribuidora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,661</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15,934</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,554</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">138</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">463</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25,750</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,357)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,357)</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Share of profit (loss) of associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">848</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">607</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(12)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(67)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,395</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Balance as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 20px; 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'; font-size: 10pt; line-height: inherit;">5,152</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 20px; 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'; font-size: 10pt; line-height: inherit;">16,541</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 20px; 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'; font-size: 10pt; line-height: inherit;">3,542</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 20px; 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'; font-size: 10pt; line-height: inherit;">71</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 20px; 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'; font-size: 10pt; line-height: inherit;">482</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 20px; 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'; font-size: 10pt; line-height: inherit;">25,788</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><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: 36pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Transportadora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Sulbrasileira</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font></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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxicap</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de Gases Ltda.</font></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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Qu&#237;mica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> da Bahia </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Metal&#250;rgica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Plus S.A.</font></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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Plenog&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Distribuidora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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; line-height: inherit;">Total</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,689</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15,366</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,590</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">228</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">465</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24,338</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(381)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(87)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(468)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Share of profit (loss) of associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,323</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">632</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(35)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(65)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">69</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,924</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Balance as of September 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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; line-height: inherit;">5,631</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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; line-height: inherit;">15,998</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-top: 1pt solid #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; line-height: inherit;">3,555</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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; line-height: inherit;">163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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; line-height: inherit;">447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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; line-height: inherit;">25,794</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&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>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The table below presents the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">stat</font><font style="font-family: 'Times New Roman'; line-height: inherit;">e</font><font style="font-family: 'Times New Roman'; line-height: inherit;">ments of financial position</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and </font><font style="font-family: 'Times New Roman'; line-height: inherit;">statements of profit or loss</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> of associates: </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 246px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2020</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Transportadora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Sulbrasileira</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxicap</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de Gases Ltda.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Qu&#237;mica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> da Bahia </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Metal&#250;rgica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Plus S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Plenog&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Distribuidora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,043</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">64,642</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">47</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">59</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">324</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">78,503</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10,146</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">486</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,196</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">960</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25,222</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">170</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,280</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">304</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">904</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20,609</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">109,643</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,084</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">214</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,446</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,629</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">45,240</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(4,891)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(38,791)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(24)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(154)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">327</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(346)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,427)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(46)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(28)</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(24)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(200)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">299</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20,124,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,493,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 143px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 17px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Transportadora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Sulbrasileira</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxicap</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de Gases Ltda.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Qu&#237;mica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> da Bahia </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Metal&#250;rgica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Plus S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Plenog&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Distribuidora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,172</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">45,178</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">71</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">40</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">151</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">14,041</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">84,705</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">703</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,440</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,944</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,041</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">34</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">626</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,634</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,110</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">302</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,167</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22,643</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">109,208</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,108</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">416</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,390</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20,124,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,493,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 179px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 17px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Transportadora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Sulbrasileira</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A. </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Oxicap</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de Gases Ltda.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Qu&#237;mica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> da Bahia </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Metal&#250;rgica</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> Plus S.A.</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Plenog&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Distribuidora</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,322</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">43,463</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(3,700)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(36,791)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(81)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(152)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">226</font></p>
</td>
</tr>
<tr style="height: 38px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(116)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,483)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(43)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 38px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(19)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,506</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,189</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(69)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(195)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">207</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20,124,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,493,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 144.55pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 68.05pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The percentages in the table above are rounded.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&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'>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>
</div>
<div>
<div style="/* width: 8.5in; */margin: 0 auto;">
<div>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">13. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Right to </font><font style="font-family: 'Times New Roman'; font-weight: bold;">u</font><font style="font-family: 'Times New Roman'; font-weight: bold;">se </font><font style="font-family: 'Times New Roman'; font-weight: bold;">as</font><font style="font-family: 'Times New Roman'; font-weight: bold;">sets and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold;">eases </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ayable</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: (</font><font style="font-family: 'Times New Roman';">i</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';">: fuel stations</font><font style="font-family: 'Times New Roman';"> and distribution center</font><font style="font-family: 'Times New Roman';">; (ii) </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';">: 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) </font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';">: port areas; and (v) </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';">: industrial plant. 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>
<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;">Right to </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 </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</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; 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';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Parent</font></font></li>
</ul>
<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="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: 127.55pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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: 85.05pt; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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: 7pt; 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: 85.05pt; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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; width: 7pt; 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: 85.05pt; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Assignment of contract (</font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 85.05pt; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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: 7pt; 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: 85.05pt; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 09/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 127.55pt; height: 17px;">
<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; width: 85.05pt; 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: middle; width: 85.05pt; height: 17px;">
<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; 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,123</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: 85.05pt; height: 17px;">
<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; 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: 85.05pt; 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: 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,923</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;">
<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: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 85.05pt; height: 17px; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,358</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; 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: 85.05pt; 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="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<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; 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="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,481</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="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<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; 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="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; 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: 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="border-top: 0.5pt solid #000000 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,281</font></p>
</td>
</tr>
<tr style="background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; 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: bottom; width: 85.05pt; 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; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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: 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,762)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,965)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,727)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; 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: bottom; width: 85.05pt; 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; width: 85.05pt; 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: 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: 85.05pt; 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: 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: 85.05pt; 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: 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: 85.05pt; height: 17px; border-bottom: 1pt solid #000000;">
<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: 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: 85.05pt; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(273)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 17px; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; border-bottom: 1pt solid #000000; text-align: right; background-color: #daeef3;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; border-bottom: 1pt solid #000000; text-align: right; background-color: #daeef3;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; border-bottom: 1pt solid #000000; text-align: right; background-color: #daeef3;">(4,762)</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; border-bottom: 1pt solid #000000; text-align: right; background-color: #daeef3;">(3,238)</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; border-bottom: 1pt solid #000000; text-align: right; background-color: #daeef3;">(8,000)</td>
</tr>
<tr>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;"><br></td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 18px; background-color: #daeef3;">
<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: 85.05pt; height: 18px; background-color: #daeef3;">
<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: 85.05pt; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<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; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,239</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,238)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,281</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';">(</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) Assignment of contract of the Company Ultragaz to&nbsp;</font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> due implantation of Shared</font><font style="font-family: 'Times New Roman';"> Service Center (&#8220;</font><font style="font-family: 'Times New Roman';">SSC</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="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'>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>
<p><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';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p><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';"><br></font></font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; 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';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Consolidated</font></font></li>
</ul>
<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="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 274px; width: 100%;" width="100%">

<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 15px;">
<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: 85.05pt; height: 15px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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: 7pt; height: 15px;">
<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: 85.05pt; height: 15px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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; width: 7pt; height: 15px;">
<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: 15px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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; width: 7pt; height: 15px;">
<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: 85.05pt; height: 15px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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: 7pt; height: 15px;">
<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: 85.05pt; height: 15px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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: 7pt; height: 15px;">
<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: 85.05pt; height: 15px; 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 on 09/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 127.55pt; height: 17px;">
<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; width: 85.05pt; 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: 85.05pt; height: 17px;">
<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; 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">183,872</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: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,213)</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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,934</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: 85.05pt; 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: 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,214,847</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Port area (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200,506</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">268,512</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; 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: 85.05pt; 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: 85.05pt; height: 17px;">
<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; 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,103</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: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,187)</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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">263</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: 85.05pt; 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: 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,047</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;">
<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; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,541</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,935</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: 85.05pt; height: 17px;">
<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; width: 85.05pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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; 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: 85.05pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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 !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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: 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: 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: 85.05pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 85.05pt; height: 17px; background-color: #daeef3;">
<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 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<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 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">432,303</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<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 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(50,650)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<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 !important; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,738</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,682,188</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; 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: bottom; width: 85.05pt; 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; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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;">&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: right;"><font style="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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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: 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,683</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(997)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(202,207)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(431,951)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Port area (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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; width: 85.05pt; 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: 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: 85.05pt; 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: 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: 56.7pt; 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: 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: 85.05pt; 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: 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,265)</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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,265)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 85.05pt; height: 17px; background-color: #daeef3;">
<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: 85.05pt; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">229</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,568)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,806)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 17px;">
<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: bottom; width: 85.05pt; 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; width: 85.05pt; height: 17px;">
<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; 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: 85.05pt; 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: 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: 56.7pt; 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: 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,395)</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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,134)</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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,879)</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 20px; background-color: #daeef3;">
<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: 85.05pt; height: 20px; background-color: #daeef3; border-bottom: 1pt solid #000000 !important;">
<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; width: 7pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 20px; background-color: #daeef3; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: 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; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 20px; background-color: #daeef3; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: 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; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 20px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: 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; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 20px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(973)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 20px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,336)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; 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: 85.05pt; 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; width: 85.05pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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; 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: 85.05pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="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 !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,958</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: 85.05pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,163)</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: 85.05pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(242,147)</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: 85.05pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(519,237)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 127.55pt; height: 18px; background-color: #daeef3;">
<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: 85.05pt; height: 18px; background-color: #daeef3;">
<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: 85.05pt; height: 18px; background-color: #daeef3; 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'; font-size: 10pt;">1,980,912</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 18px; background-color: #daeef3; 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'; font-size: 10pt;">432,303</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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; background-color: #daeef3; 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'; font-size: 10pt;">(17,692)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 18px; background-color: #daeef3; 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'; font-size: 10pt;">9,575</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 18px; background-color: #daeef3; 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'; font-size: 10pt;">(242,147)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: 18px; background-color: #daeef3; 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'; font-size: 10pt;">2,162,951</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><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) Refers to the area port lease (see Note 34.c).</font></font></p>
</div>
</div>
</div>
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 11pt;"><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'>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>
</div>
<p style="line-height: 1;"><br></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify; line-height: 1;"><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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font>Notes to the Parent</font><font>&#8217;s Separate</font><font> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The amortization expenses were recognized in the f</font><font style="font-family: 'Times New Roman'; line-height: inherit;">inancial statements</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> as shown below:</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: 11pt; line-height: inherit;">&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; width: 198.45pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom: 1pt solid #000000 !important; 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; line-height: inherit;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom: 1pt solid #000000 !important; 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; line-height: inherit;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; 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; line-height: inherit;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; 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; line-height: inherit;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; 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; line-height: inherit;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; 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; line-height: inherit;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; line-height: inherit;">47,411</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; line-height: inherit;">36,212</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; line-height: inherit;">191,720</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; line-height: inherit;">177,879</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; line-height: inherit;">3,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; line-height: inherit;">3,016</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; line-height: inherit;">5,134</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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; line-height: inherit;">3,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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; line-height: inherit;">242,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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; line-height: inherit;">219,225</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: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">b. Lease</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">s</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">p</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">ayable</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The changes in leases </font><font style="font-family: 'Times New Roman'; line-height: inherit;">payable </font><font style="font-family: 'Times New Roman'; line-height: inherit;">are shown below:</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: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 229px; width: 100%;" width="100%">

<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 11pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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; line-height: inherit;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; height: 19px;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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; line-height: inherit;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,999</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Interest accrued</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">3,416</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">106,955</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Payments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(4,256)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(266,490)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">3,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">407,148</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(17,610)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">13,097</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Assignment of contract (</font><font style="font-family: 'Times New Roman'; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; line-height: inherit;">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">30,239</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Balance as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 20px; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">38,879</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 20px; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,831,773</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">4,585</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">247,678</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">34,294</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,584,095</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: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">(</font><font style="font-family: 'Times New Roman'; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; line-height: inherit;">) Assignment of contract of the Company Ultragaz to&nbsp;</font><font style="font-family: 'Times New Roman'; line-height: inherit;">Ultrapar</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> due implantation of </font><font style="font-family: 'Times New Roman'; line-height: inherit;">SSC</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The future disbursements (installments) assumed under </font><font style="font-family: 'Times New Roman'; line-height: inherit;">leases</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> contracts are presented below:</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; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 154px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<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; line-height: inherit;">09/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; 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; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 71.15pt; 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; line-height: inherit;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Up to 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,806</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 71.15pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">303,766</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">From 1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">15,135</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 71.15pt; 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; line-height: inherit;">682,635</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">From 2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13,547</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 71.15pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">554,156</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">From 3 to 4 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">13,526</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 71.15pt; 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; line-height: inherit;">374,311</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">From 4 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,870</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 71.15pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">233,157</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">More than 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 71.15pt; 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; line-height: inherit;">604,426</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">51,884</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 71.15pt; height: 18px; background-color: #daeef3; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,752,451</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: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The contracts related to the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">leases</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> payable are substantially indexed by the IGP-M (General Market Price Index is a measure of Brazilian inflation, calculated by the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Get&#250;lio</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> Vargas Foundation).</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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">c. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Lease contracts of low amount assets</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Subsidiaries Cia. Ultragaz, </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Bahiana</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Extrafarma</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Ipiranga</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Serma</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Oxiteno</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> S.A. have operating lease contracts </font><font style="font-family: 'Times New Roman'; line-height: inherit;">consider as low value, short term and variable payments </font><font style="font-family: 'Times New Roman'; line-height: inherit;">for the use of</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> factory and</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> IT </font><font style="font-family: 'Times New Roman'; line-height: inherit;">equipment'</font><font style="font-family: 'Times New Roman'; line-height: inherit;">s</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, vehicles and real states</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.&nbsp; The subsidiaries have the option to purchase the assets </font><font style="font-family: 'Times New Roman'; line-height: inherit;">referring to IT equipment </font><font style="font-family: 'Times New Roman'; line-height: inherit;">at a price equal to the fair </font><font style="font-family: 'Times New Roman'; line-height: inherit;">value</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> 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'; line-height: inherit;">payments</font><font style="font-family: 'Times New Roman'; line-height: inherit;">), assumed </font><font style="font-family: 'Times New Roman'; line-height: inherit;">as a result </font><font style="font-family: 'Times New Roman'; line-height: inherit;">of</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> these contracts, amount approximately to:</font></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; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 27px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; border-bottom: 1pt solid #000000 !important; 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-weight: bold; line-height: inherit;">Up to 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; border-bottom: 1pt solid #000000 !important; 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-weight: bold; line-height: inherit;">Between 1 and 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; border-bottom: 1pt solid #000000 !important; 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-weight: bold; line-height: inherit;">More than 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; border-bottom: 1pt solid #000000 !important; 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-weight: bold; line-height: inherit;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 17px; background-color: #daeef3;">
<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; line-height: inherit;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,609</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,338</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,947</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; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> amount of lease considered</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">as of low value, short term and variable payments, recognized as an </font><font style="font-family: 'Times New Roman'; line-height: inherit;">expense </font><font style="font-family: 'Times New Roman'; line-height: inherit;">for the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">nine</font><font style="font-family: 'Times New Roman'; line-height: inherit;">-month period ended </font><font style="font-family: 'Times New Roman'; line-height: inherit;">September</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> 3</font><font style="font-family: 'Times New Roman'; line-height: inherit;">0</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, 2020</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">was R</font><font style="font-family: 'Times New Roman'; line-height: inherit;">$ </font><font style="font-family: 'Times New Roman'; line-height: inherit;">14,184</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">(R$ </font><font style="font-family: 'Times New Roman'; line-height: inherit;">10,172</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">for the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">nine</font><font style="font-family: 'Times New Roman'; line-height: inherit;">-month period ended </font><font style="font-family: 'Times New Roman'; line-height: inherit;">September</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> 3</font><font style="font-family: 'Times New Roman'; line-height: inherit;">0</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, 2019</font><font style="font-family: 'Times New Roman'; line-height: inherit;">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">d. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Inflation effect</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The effects of inflation are as follows:</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; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 323px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Right to use asset, net</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">36,281</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,162,951</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Inflated base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">43,786</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">2,584,274</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20.7%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">19.5%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<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; line-height: inherit;">Lease liability</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<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; line-height: inherit;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<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; line-height: inherit;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">38,879</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">1,831,773</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Inflated base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">46,384</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,253,096</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">19.3%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23.0%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; 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; line-height: inherit;">Financial expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; line-height: inherit;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,416</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">106,955</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Inflated base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">4,445</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">143,791</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">30.1%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">34.4%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<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; line-height: inherit;">Amortization expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<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; line-height: inherit;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<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; line-height: inherit;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">3,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; line-height: inherit;">242,147</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Inflated base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,954</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">272,422</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22.1%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12.5%</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: 11pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1;"><br></p>
<div>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">14. </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Property, </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">lant, and </font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">quipment</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Balances and changes in </font><font style="font-family: 'Times New Roman'; line-height: inherit;">PP&amp;E</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Parent</font></font></li>
</ul>
<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; line-height: inherit;">&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: 141.75pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;">
<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; line-height: inherit;">Weighted average useful life (years)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<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; line-height: inherit;">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; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<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; line-height: inherit;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<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; line-height: inherit;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Transfer (</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<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; line-height: inherit;">Balance on 09/30/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt;">
<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; line-height: inherit;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<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; line-height: inherit;">9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">105</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,052</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,157</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<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; line-height: inherit;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<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; line-height: inherit;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">82</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">82</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt;">
<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; line-height: inherit;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<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; line-height: inherit;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">96</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">398</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">494</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<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; line-height: inherit;">Construction in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<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; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,532)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt;">
<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; line-height: inherit;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<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; line-height: inherit;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,374</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,371</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,575</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">14,104</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.75pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Accumulated depreciation:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt;">
<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; line-height: inherit;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(167)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(167)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<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; line-height: inherit;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(6)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt;">
<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; line-height: inherit;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(34)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(34)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<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; line-height: inherit;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(949)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(949)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,156)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,156)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; background-color: #daeef3;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,575</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,156)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 2.8pt double #000000 !important; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,948</font></p>
</td>
</tr>

</table>
<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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Consolidated</font></font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&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: 38px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average useful life (years)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 38px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance on</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 38px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 38px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 38px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Transfer (</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 38px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Write-offs</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 38px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 38px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance on</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Land</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">667,865</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21,300</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">241</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(7,994)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">14,264</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">695,676</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Buildings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">32</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,925,946</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,205</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">122,873</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(14,747)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">110,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,156,230</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,121,528</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,192</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">46,941</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(3,628)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,177,447</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,707,721</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">88,527</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">158,206</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,113)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">372,872</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,325,213</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,991,472</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">53,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">128,852</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(36,880)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,136,877</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LPG tanks and bottles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">755,460</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">54,634</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(29,271)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">780,842</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">320,161</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">14,711</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,887</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(30,373)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">312,833</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">295,604</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,742</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,466</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,654)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,884</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">307,042</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Construction in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">827,086</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">303,075</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(460,823)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(448)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">18,702</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">687,592</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Advances to suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,544</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15,913</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(6,185)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(56)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22,216</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Imports in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">250</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,008</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(559)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">705</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49.65pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">412,809</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15,449</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,424</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,264)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,850</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">433,268</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 49.65pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15,038,446</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">599,189</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 17px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(130,428)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">525,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16,035,941</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'>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 style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 345px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 11pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></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: 11pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Transfer (</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Write-offs</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance on 09/30/2020</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Accumulated depreciation:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Buildings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(793,835)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(48,445)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,153</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(20,491)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(851,619)</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(614,379)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(60,374)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(29)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,209</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(123)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(672,696)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(3,231,627)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(235,626)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">59</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,380</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(69,627)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(3,535,441)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,766,878)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(131,862)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">28,533</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,870,207)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LPG tanks and bottles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(425,554)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(41,634)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(30)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17,883</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(449,335)</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(139,045)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(18,796)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">48</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15,136</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(320)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(142,977)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(171,475)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(15,682)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,106</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,657)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(187,708)</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(318,063)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(26,253)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">295</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,140</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,491)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(344,372)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Construction in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(7,460,856)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(578,672)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">80,540</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(95,709)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(8,054,355)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Provision for losses:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Advances to suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(110)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(110)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Land</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(146)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(146)</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,599)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,082)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">618</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(14)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,077)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(2,875)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(189)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(3,064)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(98)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">18</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; background-color: #daeef3; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(80)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(4,828)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(1,082)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">636</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(203)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 19px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(5,477)</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 162.95pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 20px; background-color: #daeef3; 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'; font-size: 10pt; line-height: inherit;">7,572,762</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 20px; background-color: #daeef3; 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'; font-size: 10pt; line-height: inherit;">598,107</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 20px; background-color: #daeef3; 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'; font-size: 10pt; line-height: inherit;">(578,672)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 20px; background-color: #daeef3; 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'; font-size: 10pt; line-height: inherit;">3,684</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 20px; background-color: #daeef3; 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'; font-size: 10pt; line-height: inherit;">(49,252)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 20px; background-color: #daeef3; 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'; font-size: 10pt; line-height: inherit;">429,480</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 20px; background-color: #daeef3; 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'; font-size: 10pt; line-height: inherit;">7,976,109</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">(</font><font style="font-family: 'Times New Roman'; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; line-height: inherit;">) Refers to amounts transferred </font><font style="font-family: 'Times New Roman'; line-height: inherit;">from</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> intangible assets.</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1;"><br></p>
<div>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">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="margin: 0pt; text-align: justify;"><br><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Advances to suppliers is related, basically, to manufacturing of assets for expansion of plants, terminals, stores</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, service stations</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and bases and acquisition of real estate.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The depreciation expenses were recognized in the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">interim f</font><font style="font-family: 'Times New Roman'; line-height: inherit;">inancial </font><font style="font-family: 'Times New Roman'; line-height: inherit;">information </font><font style="font-family: 'Times New Roman'; line-height: inherit;">as shown below:</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; line-height: inherit;">&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; width: 193.55pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<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; line-height: inherit;">&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; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<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; line-height: inherit;">&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; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 193.55pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<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; line-height: inherit;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<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; line-height: inherit;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<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; line-height: inherit;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<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; line-height: inherit;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 193.55pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Inventories and cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">318,873</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">304,157</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 193.55pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">222,354</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">214,959</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 193.55pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,156</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">37,445</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">36,338</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 193.55pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<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; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,156</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">578,672</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">555,454</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; line-height: inherit;">&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'>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;"><br></p>
</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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> and Consolidated Interim Financial Information </font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">15. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Intangible </font><font style="font-family: 'Times New Roman'; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ssets</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';">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-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; list-style-position: inside; margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><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';">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Parent</font></font></li>
</ul>
<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: 222px; width: 100%;" width="100%">

<tr style="height: 51px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 51px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 51px;">
<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;">Weighted average useful life (years)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; border-bottom: 1pt solid #000000; height: 51px;">
<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;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 51px;">
<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: 85.05pt; border-bottom: 1pt solid #000000; height: 51px;">
<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;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 51px;">
<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: 85.05pt; border-bottom: 1pt solid #000000; height: 51px;">
<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;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 51px;">
<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: 85.05pt; border-bottom: 1pt solid #000000; height: 51px;">
<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;">Transfer (</font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 51px;">
<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: 85.05pt; border-bottom: 1pt solid #000000; height: 51px;">
<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;">Balance on 09/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; 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;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 85.05pt; 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: bottom; width: 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: bottom; width: 85.05pt; 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: bottom; width: 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: bottom; width: 85.05pt; 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: bottom; width: 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: bottom; width: 85.05pt; 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;">246,163</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; 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;">Software (b)</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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;">5</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">-</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">10,071</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">-</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">(3,998)</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">6,073</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; 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; width: 70.85pt; 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; width: 85.05pt; 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;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 85.05pt; 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;">10,071</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 85.05pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 85.05pt; 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;">(3,998)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 85.05pt; 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;">252,236</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 70.85pt; 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; width: 85.05pt; 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: bottom; width: 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: bottom; width: 85.05pt; 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: bottom; width: 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: bottom; width: 85.05pt; 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: bottom; width: 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: bottom; width: 85.05pt; 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: bottom; width: 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: bottom; width: 85.05pt; 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>
</tr>
<tr style="height: 17px;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; 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;">Software</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">-</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">-</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">(720)</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">-</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">(720)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; 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; width: 70.85pt; 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; width: 85.05pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 85.05pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 85.05pt; 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;">(720)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 85.05pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; width: 85.05pt; 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;">(720)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 18px;">
<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: bottom; width: 70.85pt; 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; width: 85.05pt; 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;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 85.05pt; 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;">10,071</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 85.05pt; 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;">(720)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 85.05pt; 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;">(3,998)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 85.05pt; 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;">251,516</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'>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 style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; 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';">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Consolida</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ted</font></font></li>
</ul>
<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: 609px;" width="100%">

<tr style="height: 85px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.33334%; height: 85px;">
<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: 8.82353%; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><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: 1.96078%; height: 85px;">
<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: 8.21078%; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><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: 1.96078%; height: 85px;">
<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: 10.4167%; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><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: 1.96078%; height: 85px;">
<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: 8.33333%; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Transfer (</font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 85px;">
<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: 9.06863%; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><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: 1.96078%; height: 85px;">
<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: 9.19118%; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><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: 1.96078%; height: 85px;">
<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: 8.94608%; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 09/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px; background-color: #daeef3;">
<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: bottom; width: 8.33334%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.82353%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 17px; background-color: #daeef3;">
<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; width: 16.7892%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; 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; width: 8.82353%; 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; height: 17px; background-color: #daeef3;">
<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: bottom; width: 8.82353%; height: 17px; background-color: #daeef3;">
<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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">111,648</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,261)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<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: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,912</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,305,491</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; 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; width: 8.82353%; 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; height: 34px; background-color: #daeef3;">
<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; width: 8.82353%; height: 34px; background-color: #daeef3;">
<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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 34px; background-color: #daeef3;">
<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: bottom; width: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,440</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,480)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,915</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; 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; width: 8.82353%; 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; height: 17px; background-color: #daeef3;">
<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; width: 8.82353%; height: 17px; background-color: #daeef3;">
<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: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,964</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,468</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; 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: bottom; width: 8.82353%; 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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: 14px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 14px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; height: 14px; background-color: #daeef3;">
<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; width: 8.82353%; height: 14px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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: 1.96078%; height: 14px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 14px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">666</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 14px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 14px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 14px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 14px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 14px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 14px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 14px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 14px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,415</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 14px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 14px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,981</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; 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: 8.33334%; 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: 8.82353%; 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;">3,191,963</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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;">112,335</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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;">(18,821)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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;">(4,817)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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;">32,291</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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;">3,312,951</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.33334%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.82353%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 17px; background-color: #daeef3;">
<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; width: 16.7892%; height: 34px;">
<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: bottom; width: 8.33334%; height: 34px;">
<p style="margin: 0pt;"><font 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: 8.82353%; 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; width: 1.96078%; 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; width: 8.21078%; 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; width: 1.96078%; 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; width: 10.4167%; 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; width: 1.96078%; 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; width: 8.33333%; 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; width: 1.96078%; 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; width: 9.06863%; 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; width: 1.96078%; 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; width: 9.19118%; 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; width: 1.96078%; 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; width: 8.94608%; height: 34px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.33334%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.82353%; height: 17px; background-color: #daeef3;">
<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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(129,325)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,577</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<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: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,066)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(763,338)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.33334%; 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: 8.82353%; 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.82353%; height: 34px; background-color: #daeef3;">
<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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,440)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 34px; background-color: #daeef3;">
<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: bottom; width: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,777)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; 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: 8.82353%; 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: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,399)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(112,331)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.82353%; height: 17px; background-color: #daeef3;">
<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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,203)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,322)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.33334%; 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: 8.82353%; 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;">(32,713)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; 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;">(89)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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;">(32,812)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.33334%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.82353%; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(135,081)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,137</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,076)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(957,196)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; 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: 8.33334%; 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: 8.82353%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 34px; background-color: #daeef3;">
<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: bottom; width: 8.33334%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.82353%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 34px; background-color: #daeef3;">
<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; width: 16.7892%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; 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: 8.82353%; 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: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: bottom; width: 8.33334%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.82353%; height: 34px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 34px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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: bottom; width: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 34px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 34px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 34px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<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: bottom; width: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 34px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 1.96078%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 34px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(227)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; 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: 8.33334%; 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: 8.82353%; 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;">(593,745)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; 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;">(112)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; 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;">350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; 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; width: 1.96078%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; 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;">(593,507)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16.7892%; height: 17px; background-color: #daeef3;">
<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: 8.33334%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 8.82353%; height: 17px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<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: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.21078%; height: 17px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">112,223</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.4167%; height: 17px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(135,081)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.33333%; height: 17px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,684)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.06863%; height: 17px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,018)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 9.19118%; height: 17px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,215</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.96078%; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.94608%; height: 17px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,762,248</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><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">Refers to amounts transferred to PP&amp;E.</font></font><br></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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
</div>
<div>
<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; 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; width: 206.95pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></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'; font-size: 10pt;">&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;"><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;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 206.95pt;">
<p style="margin: 0pt; text-align: right;"><font 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;">
<p style="margin: 0pt;"><font 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</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'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 206.95pt; background-color: #daeef3;">
<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: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,473</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 206.95pt;">
<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; width: 7pt;">
<p style="margin: 0pt;"><font 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;">
<p style="margin: 0pt; text-align: 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: 7pt;">
<p style="margin: 0pt;"><font 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;">
<p style="margin: 0pt; text-align: 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: 7pt;">
<p style="margin: 0pt;"><font 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,798</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,284</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 206.95pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3; border-bottom-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;">720</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3; border-bottom-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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3; border-bottom-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;">121,990</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; border-bottom-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;">69,023</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 7pt;">
<p style="margin: 0pt;"><font 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; 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;">720</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">-</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">135,081</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; 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;">79,780</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-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Goodwill</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 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; 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; width: 218.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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;">Segment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt;">
<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; width: 70.85pt;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 70.85pt; background-color: #daeef3;">
<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; width: 70.85pt; background-color: #daeef3;">
<p 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: 9pt; background-color: #daeef3;">
<p 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: 70.85pt; background-color: #daeef3;">
<p 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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> </font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 9pt;">
<p 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: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> &#8211; impairment</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<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;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3; 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;">(593,280)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; background-color: #daeef3;">
<p 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: 70.85pt; background-color: #daeef3; 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;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> &#8211; net</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,273</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt;">
<p 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: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,273</font></p>
</td>
</tr>
<tr style="height: 15.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<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;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 9pt; background-color: #daeef3;">
<p 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: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,724</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Uni&#227;o</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Terminais</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 9pt;">
<p 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: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Texaco</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<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;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,759</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; background-color: #daeef3;">
<p 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: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,759</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 70.85pt;">
<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;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,807</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt;">
<p 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: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,807</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Uruguay</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<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;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,856</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; background-color: #daeef3;">
<p 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: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,856</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Temmar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 9pt;">
<p 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: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DNP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<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;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,736</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; background-color: #daeef3;">
<p 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: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,736</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Repsol</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,403</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt;">
<p 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: 70.85pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,403</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TEAS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<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;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 9pt; background-color: #daeef3;">
<p 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: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; 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: bottom; width: 218.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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;">583</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt;">
<p 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: 70.85pt; 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;">583</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 218.25pt; background-color: #daeef3;">
<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: 70.85pt; background-color: #daeef3;">
<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: 70.85pt; background-color: #daeef3; 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;">931,808</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; background-color: #daeef3;">
<p 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: 70.85pt; background-color: #daeef3; 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;">931,808</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: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; 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;">(1)</font></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. 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</font><font style="font-family: 'Times New Roman';"> 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;"><br></p>
</div>
</div>
</div>
<div>
<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'>69</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 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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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'; 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</font><font style="font-family: 'Times New Roman';">.,</font><font style="font-family: 'Times New Roman';"> respectively, depending on the CGU analyzed.</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;">Revenue from sales and services, costs and expenses, and gross </font><font style="font-family: 'Times New Roman'; text-decoration: underline;">margin</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 </font><font style="font-family: 'Times New Roman';">tests</font><font style="font-family: 'Times New Roman';"> and net assets of the Company and its subsidiaries result in the recognition of impairment in the amount of R$ 593,280 for subsidiary </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> 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;">&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;">Software</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';">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><font style="font-family: 'Times New Roman';"> Also include expenses related to software in progress </font><font style="font-family: 'Times New Roman';">in the amount of R$ </font><font style="font-family: 'Times New Roman';">39,296</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';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020 and R$ 56,472 on December 31, 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'; font-style: italic; font-weight: bold;">c. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Technology</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 subsidiaries </font><font style="font-family: 'Times New Roman';">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';">and </font><font style="font-family: 'Times New Roman';">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, </font><font style="font-family: 'Times New Roman';">ethanolamines</font><font style="font-family: 'Times New Roman';">, 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;">&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;">Brands and </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;">rademark rights</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';">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; 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;">Other intangible</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</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';">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 </font><font style="font-family: 'Times New Roman';">Extrafarma</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;"><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'>70</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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
</div>
<div>
<h1 style="margin: 0pt 0pt 0pt;"><br></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 16. Loans, financing, debentures and hedge derivative financial instruments</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-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Composition</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; 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';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Parent</font></font></li>
</ul>
<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: 170px;" width="100%">

<tr style="height: 51px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 31.0711%; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Description</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6296%; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.53475%; height: 51px;">
<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: 10.6296%; height: 51px;">
<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; width: 2.53475%; height: 51px;">
<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: bottom; width: 14.8814%; height: 51px;">
<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; width: 16.435%; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average financial charges 09/30/2020 &#8211; % p.a.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 11.202%; height: 51px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 31.0711%; background-color: #daeef3; height: 17px;">
<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: bottom; width: 10.6296%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.53475%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.6296%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.53475%; background-color: #daeef3; 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: 14.8814%; background-color: #daeef3; 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; width: 16.435%; background-color: #daeef3; 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; width: 11.202%; background-color: #daeef3; height: 17px;">
<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; width: 31.0711%; 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; width: 10.6296%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,725,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.53475%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.6296%; 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; width: 2.53475%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 14.8814%; 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; width: 16.435%; 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; width: 11.202%; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 31.0711%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes &#8211; </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> (h.1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.6296%; background-color: #daeef3; 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;">1,024,548</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.53475%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.6296%; background-color: #daeef3; 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: 2.53475%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 14.8814%; background-color: #daeef3; 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; width: 16.435%; background-color: #daeef3; height: 17px;">
<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; width: 11.202%; background-color: #daeef3; 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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 31.0711%; height: 17px;">
<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; width: 10.6296%; height: 17px; 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;">2,749,898</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.53475%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.6296%; height: 17px; 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; width: 2.53475%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 14.8814%; 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; width: 16.435%; 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; width: 11.202%; height: 17px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 31.0711%; background-color: #daeef3; 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: 10.6296%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 2.53475%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.6296%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.53475%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 14.8814%; background-color: #daeef3; 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; width: 16.435%; background-color: #daeef3; 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; width: 11.202%; background-color: #daeef3; height: 17px;">
<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; width: 31.0711%; 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; width: 10.6296%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,025,970</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.53475%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.6296%; 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; width: 2.53475%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 14.8814%; 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; width: 16.435%; 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; width: 11.202%; height: 17px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 31.0711%; background-color: #daeef3; 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: bottom; width: 10.6296%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,723,928</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2.53475%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 10.6296%; background-color: #daeef3; 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: middle; width: 2.53475%; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 14.8814%; background-color: #daeef3; 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; width: 16.435%; background-color: #daeef3; 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; width: 11.202%; background-color: #daeef3; height: 17px;">
<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>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; 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';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Consolidated</font></font></li>
</ul>
<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: 34pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Description</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt;">
<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; width: 7pt;">
<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: bottom; width: 73.7pt;">
<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; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average financial charges 09/30/2020 &#8211; % p.a.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign currency &#8211; denominated loans:</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 73.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,995,112</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: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026 to 2029</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loan (c.1) (*)</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,127,494</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,057,407</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 73.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$ </font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.9</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342,522</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: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loan (c.1) (*)</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">282,081</font></p>
</td>
<td style="background-color: #daeef3; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">608,685</font></p>
</td>
<td style="background-color: #daeef3; 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: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 73.7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.0</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">175,481</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: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<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; width: 53.85pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Advances on </font><font style="font-family: 'Times New Roman';">foreing</font><font style="font-family: 'Times New Roman';"> exchange contracts</font></font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">113,533</font></p>
</td>
<td style="background-color: #daeef3; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="background-color: #daeef3; 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: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 73.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.7</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,480</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: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loan (c.2)</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="background-color: #daeef3; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">243,837</font></p>
</td>
<td style="background-color: #daeef3; 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: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 73.7pt;">
<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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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: middle; width: 51pt; border-bottom-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: 51pt; border-bottom-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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<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; width: 53.85pt;">
<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: 13.5pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total foreign currency</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt; 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;">10,074,703</font></p>
</td>
<td style="background-color: #daeef3; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51pt; 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;">6,902,121</font></p>
</td>
<td style="background-color: #daeef3; 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: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 73.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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>
</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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 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: 34pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Description</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt;">
<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; width: 7pt;">
<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: bottom; width: 73.7pt;">
<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; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average financial charges 09/30/2020 &#8211; % p.a.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<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: bottom; width: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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; background-color: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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: 82.2pt; background-color: #daeef3;">
<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: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,048,013</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<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; width: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<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; width: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,725,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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; width: 82.2pt; background-color: #daeef3;">
<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; width: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures &#8211; </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> (g.1 and g.3)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,672,323</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<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; width: 53.85pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2022</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes - </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> (h.1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,024,548</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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; width: 82.2pt; background-color: #daeef3;">
<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; width: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 973,785</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<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; width: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Banco do </font><font style="font-family: 'Times New Roman';">Brasil</font><font style="font-family: 'Times New Roman';"> (f)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 406,618</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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; width: 82.2pt; background-color: #daeef3;">
<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; width: 53.85pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2022</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes &#8211; </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> (h.2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 305,459</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt;">
<p style="margin: 0pt; text-align: 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: 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: 73.7pt;">
<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; width: 82.2pt;">
<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; width: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<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; width: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 230,218</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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; width: 82.2pt; background-color: #daeef3;">
<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; width: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures &#8211; </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> (g.7)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 91,494</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<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; width: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<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; width: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 32,684</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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; width: 82.2pt; background-color: #daeef3;">
<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; width: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,706</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Banco do </font><font style="font-family: 'Times New Roman';">Nordeste</font><font style="font-family: 'Times New Roman';"> do </font><font style="font-family: 'Times New Roman';">Brasil</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,461</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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; width: 82.2pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,011</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<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; width: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<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; width: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 442</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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; width: 82.2pt; background-color: #daeef3;">
<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; width: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 118</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt;">
<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; width: 7pt;">
<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: 73.7pt;">
<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; width: 82.2pt;">
<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; width: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<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; width: 51pt; background-color: #daeef3; border-bottom-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</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3; border-bottom-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;"> 22</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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; width: 82.2pt; background-color: #daeef3;">
<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; width: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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; width: 51pt; 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;"> 8,537,237</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt; 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; width: 7pt;">
<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: 73.7pt;">
<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: 82.2pt;">
<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: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<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; width: 51pt; background-color: #daeef3; 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;"> 18,611,940</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3; 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;"> 14,362,737</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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: 82.2pt; background-color: #daeef3;">
<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: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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; width: 51pt; border-bottom-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;"> 143,986</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt; border-bottom-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; width: 7pt;">
<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: 73.7pt;">
<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: 82.2pt;">
<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: 53.85pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<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; width: 51pt; background-color: #daeef3; 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;"> 18,755,926</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3; 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;"> 14,392,722</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<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: 73.7pt; background-color: #daeef3;">
<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: 82.2pt; background-color: #daeef3;">
<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: 53.85pt; background-color: #daeef3;">
<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: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt;">
<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; width: 51pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,964,456</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51pt;">
<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; width: 7pt;">
<p style="margin: 0pt;"><font 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: 73.7pt;">
<p style="margin: 0pt;"><font 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: 82.2pt;">
<p style="margin: 0pt;"><font 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: 53.85pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 161.55pt; background-color: #daeef3;">
<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; width: 51pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 14,791,470</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 51pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 73.7pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 82.2pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 53.85pt; background-color: #daeef3;">
<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: 2pt 0pt 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: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 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';">).&nbsp;</font></font></p>
<p style="margin: 2pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(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';">LIBOR = London Interbank Offered Rate.</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&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'; vertical-align: super; font-size: 7pt;">(2)</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';">MX$ = Mexican Peso; TIIE = the Mexican interbank balance interest rate.</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&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-size: 7pt;"><font style="font-family: 'Times New Roman';">(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><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 Banco Nacional de Desenvolvimento Econ&#244;mico e Social (&#8220;BNDES&#8221;), the Brazilian Development Bank. </font><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020, TJLP was fixed at </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';">% p.a.</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(4)</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';">Contract linked to the rate of FNE (Northeast Constitutional Financing Fund) fund whose purpose is to promote the development of the industrial sector, managed by Banco do Nordeste do Brasil. On </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020, the FNE interest </font><font style="font-family: 'Times New Roman';">rate was 10% p.a. FNE grants a discount of 15% on the interest rate for timely payments.</font></font><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-size: 7pt;"><font style="font-family: 'Times New Roman';">(5)</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><font style="font-family: 'Times New Roman';">SELIC = basic interest rate set by the Brazilian Central Bank.&nbsp;</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'>72</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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; 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>
<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: 136px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance as of December 31, 2019</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3; height: 17px;">
<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: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 17px;">
<p style="margin: 0pt;"><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: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,591,624</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; background-color: #daeef3; 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: bottom; width: 70.85pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">575,220</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 17px;">
<p style="margin: 0pt;"><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: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,280,152)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><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: bottom; width: 70.85pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(478,755)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 17px;">
<p style="margin: 0pt;"><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: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,816,759</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><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: bottom; width: 70.85pt; background-color: #daeef3; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,507</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; 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;">18,611,940</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; 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: 137px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<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';">&nbsp;</font></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; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; 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: 70.85pt; height: 17px; 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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,004,114</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,424,775</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; 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;">3,223,295</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">3,115,495</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,074,977</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,451,988</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; 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;">333,975</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 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: bottom; 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;">765,263</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><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: bottom; width: 70.85pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,155,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p 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: 70.85pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,517,760</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 274.95pt; 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; width: 70.85pt; 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;">14,791,470</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 70.85pt; 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;">13,275,281</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-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 </font><font style="font-family: 'Times New Roman';">entered into</font><font style="font-family: 'Times New Roman';"> 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>
<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 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;">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;">m</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">arket</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 October 6, 2016, </font><font style="font-family: 'Times New Roman';">the subsidiary </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> Internat</font><font style="font-family: 'Times New Roman';">ional </font><font style="font-family: 'Times New Roman';">S.A. (&#8220;</font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> 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,</font><font style="font-family: 'Times New Roman';">230,525</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">September</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="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';"> </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</font><font style="font-family: 'Times New Roman';"> 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,</font><font style="font-family: 'Times New Roman';">820,350</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';">September</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="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 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</font><font style="font-family: 'Times New Roman';"> 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';">$ </font><font style="font-family: 'Times New Roman';">1,</font><font style="font-family: 'Times New Roman';">128,140</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';">September</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></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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On July 13, the subsidiary </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> Interna</font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';">ional made </font><font style="font-family: 'Times New Roman';">the reopening</font><font style="font-family: 'Times New Roman';"> of notes in the foreign market </font><font style="font-family: 'Times New Roman';">issued in 2019</font><font style="font-family: 'Times New Roman';">, in the amount of US$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">350</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(equivalent to R$ 1,974,245 on September, 2020)</font><font style="font-family: 'Times New Roman';"> maturing in </font><font style="font-family: 'Times New Roman';">June </font><font style="font-family: 'Times New Roman';">2029, to the coupon (interest) and yield of 5.25% per year, paid semiannually. The </font><font style="font-family: 'Times New Roman';">issue price </font><font style="font-family: 'Times New Roman';">was </font><font style="font-family: 'Times New Roman';">99.994% of face value of the note</font><font style="font-family: 'Times New Roman';">. The notes were guaranteed by the Company and the subsidiary IPP.</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';">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>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; 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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> International and IPP.</font></font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Times New Roman'; 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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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';">(equivalent to R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">846,105</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';">September</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></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="background-color: #ffffff; 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';">are in compliance with</font><font style="font-family: 'Times New Roman';"> 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="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="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c. 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;">oans</font></font></p>
<p style="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="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';">235,000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(equivalent to R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1,325,565</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';">September</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; 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 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; 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: 122px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Maturity</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 17px;">
<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: bottom; width: 7pt; 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: bottom; width: 85.05pt; height: 17px;">
<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: bottom; width: 7pt; 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: bottom; width: 85.05pt; height: 17px;">
<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: 19px;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Charges </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,894</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">84,010</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 19px;">
<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; width: 155.9pt; 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; width: 85.05pt; 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; 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">338,442</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: 85.05pt; 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;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jun/2022</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; 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="background-color: #daeef3; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">282,035</font></p>
</td>
<td style="background-color: #daeef3; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; 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: bottom; width: 155.9pt; 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; width: 85.05pt; 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; 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: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">338,442</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: 85.05pt; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sep/2023</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000; 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="background-color: #daeef3; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">366,646</font></p>
</td>
<td style="background-color: #daeef3; 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; border-bottom: 1pt solid #000000; 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: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 155.9pt; 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; width: 85.05pt; 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;">249,894</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; 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;">1,409,575</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; 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;">104.1</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'; vertical-align: super;"> </font><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>
<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';">The subsidiary IPP paid off in advance of such financing in the amount of US$ 160,000 in the third quarter of 2020. From the third quarter, t</font><font style="font-family: 'Times New Roman';">he subsidiary IPP does does have contracts of foreign loans with&nbsp;</font><font style="font-family: 'Times New Roman';">covenants.</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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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-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 </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';">&nbsp;settled by </font><font style="font-family: 'Times New Roman';">sudsidiary</font><font style="font-family: 'Times New Roman';"> 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>
<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;">BNDES</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 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>
<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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capitalization level: equity / total assets equal to or above 0.3; and</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; 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: 4.14pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current liquidity level: current assets / current liabilities equal to or above 1.3.</font></li>
</ul>
<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>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The subsidiaries paid off in advance of such loans in the amount of R$ 32,964 on September 2020.</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;">e. </font><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>
<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 </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Mexico S.A. de C.V., </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> USA LLC</font><font style="font-family: 'Times New Roman';"> (&#8220;</font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> USA&#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';">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>
<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';">subsidiary </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">LIBOR + </font><font style="font-family: 'Times New Roman';">1.</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 style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"> maturity as shown below:</font></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;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 246.6pt;">
<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;">Maturity</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;">
<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;">US$ (thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<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; width: 85.05pt;">
<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;">R$ (thousands)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 246.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Charges </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;">
<p 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</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt;">
<p 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</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 246.6pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mar/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">60,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p 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: 85.05pt; 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;">342,507</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 246.6pt;">
<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;">Total</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">60,003</font></p>
</td>
<td style="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p 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="background-color: #daeef3; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; 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;">342,522</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-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;"> </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font><font style="font-family: 'Times New Roman';"> Includes interest and transaction costs.</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'>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 style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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 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.</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 subsidiary </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> USA paid off in advance </font><font style="font-family: 'Times New Roman';">of such financing in </font><font style="font-family: 'Times New Roman';">the amount of US$ </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">0</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';">in the third quarter of 2020. </font><font style="font-family: 'Times New Roman';">The Company </font><font style="font-family: 'Times New Roman';">does not have the need to maintain </font><font style="font-family: 'Times New Roman';">the levels of covenants required by these loans.</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;">Banco do </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Brasil</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 subsidiary IPP has floating interest rate loans with Banco do </font><font style="font-family: 'Times New Roman';">Brasil</font><font style="font-family: 'Times New Roman';"> 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</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> 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';">September</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: 2pt 0pt 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: 62px; 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; text-align: left;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Maturity</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9pt; 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; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 17px; background-color: #daeef3;">
<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; width: 9pt; height: 17px; background-color: #daeef3;">
<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: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">203,572</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 10px;">
<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; width: 9pt; 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; width: 70.85pt; 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;">203,046</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 18px; background-color: #daeef3;">
<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; width: 9pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 70.85pt; height: 18px; background-color: #daeef3; 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;">406,618</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'>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 style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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;">g. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Debentures</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-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;"> </font><font style="font-family: Times;">are </font><font style="font-family: Times;">as follows:&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 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: 70%;" width="70%">

<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">R$ 1,000,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">May 25, 2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Annual as from May 2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">105.0% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; 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></p>
<p style="margin: 0pt; text-align: justify;"><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><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. The debentures have been subscribed by Eco Consult &#8211; </font><font style="font-family: 'Times New Roman';">Consultoria</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';"> 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; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The debentures were later assigned and transferred to Eco </font><font style="font-family: 'Times New Roman';">Securitizadora</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Direitos</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Credit&#243;rios</font><font style="font-family: 'Times New Roman';"> do </font><font style="font-family: 'Times New Roman';">Agroneg&#243;cio</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> 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; 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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">660,139</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: Times;">April</font><font style="font-family: Times;"> </font><font style="font-family: Times;">18, 2022</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: Times;">95</font><font style="font-family: Times;">.0</font><font style="font-family: Times;">% of DI</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 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: 70%;" width="70%">

<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">352,361</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: Times;">April</font><font style="font-family: Times;"> </font><font style="font-family: Times;">15, 2024</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: Times;">IPCA + 4.</font><font style="font-family: Times;">68</font><font style="font-family: Times;">%</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Times; 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></p>
<p style="margin: 0pt; 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;"><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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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-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>
<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: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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></p>
<p style="margin: 0pt; text-align: justify;"><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 </font><font style="font-family: 'Times New Roman';">Vert</font><font style="font-family: 'Times New Roman';"> </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';">. </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; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The debentures were later assigned and transferred to Vert </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> 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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">95</font><font style="font-family: 'Times New Roman';">.0</font><font style="font-family: 'Times New Roman';">% of DI</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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></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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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></p>
<p style="margin: 0pt; 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 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; 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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<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'; 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><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; 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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<p style="margin: 0pt; 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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<p style="margin: 0pt; 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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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></p>
<p style="margin: 0pt; text-align: justify;"><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><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 </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';">. 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 </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> 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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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></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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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></p>
<p style="margin: 0pt; 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 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; 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;">g.7.</font><font style="font-family: 'Times New Roman';"> In November 2019, the subsidiary </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> 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; 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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="vertical-align: top; width: 141.75pt;">
<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: 141.75pt;">
<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>
</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'>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 style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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 subsidiary </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> contracted hedging instruments subjected interest rate variation, changing the debentures fixed for 99.94% of the DI. </font><font style="font-family: 'Times New Roman';">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.</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 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';">September</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; 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: 243px; 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; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Maturity</font></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'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3; height: 22px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Charges </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; width: 7pt; background-color: #daeef3; height: 22px;">
<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: 70.85pt; background-color: #daeef3; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172,688</font></p>
</td>
</tr>
<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'; font-size: 10pt;">May/2021</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3; 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; width: 7pt; background-color: #daeef3; 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; width: 70.85pt; background-color: #daeef3; height: 17px;">
<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: bottom; width: 141.75pt; 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; width: 7pt; 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; width: 70.85pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3; height: 17px;">
<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; width: 7pt; background-color: #daeef3; 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; width: 70.85pt; background-color: #daeef3; height: 17px;">
<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: bottom; width: 141.75pt; 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; width: 7pt; 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; width: 70.85pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3; height: 17px;">
<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; width: 7pt; background-color: #daeef3; 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; width: 70.85pt; background-color: #daeef3; height: 17px;">
<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: bottom; width: 141.75pt; 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; width: 7pt; 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; width: 70.85pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3; height: 17px;">
<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; width: 7pt; background-color: #daeef3; 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; width: 70.85pt; background-color: #daeef3; height: 17px;">
<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: bottom; width: 141.75pt; 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; width: 7pt; 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; width: 70.85pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3; height: 17px;">
<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; width: 7pt; background-color: #daeef3; 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; width: 70.85pt; background-color: #daeef3; height: 17px;">
<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: bottom; width: 141.75pt; 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; width: 7pt; 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; width: 70.85pt; border-bottom: 1pt solid #000000; height: 17px;">
<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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; background-color: #daeef3; height: 17px;">
<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; width: 7pt; background-color: #daeef3; 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: 70.85pt; background-color: #daeef3; height: 17px; 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;">6,510,965</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: 2pt 0pt 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; font-size: 8pt;">(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>
<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'; font-style: italic; font-weight: bold;">h. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Notes</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-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; 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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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; width: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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; width: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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; width: 141.75pt;">
<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; text-align: justify;"><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="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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; width: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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; width: 141.75pt;">
<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: 12.75pt;">
<td style="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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="background-color: #daeef3; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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: 12.75pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 141.75pt;">
<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; width: 141.75pt;">
<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>
</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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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;">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;">Transaction </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;">osts</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';">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:&nbsp;</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: 38.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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: bottom; width: 7pt;">
<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: 56.7pt;">
<p style="margin: 0pt; text-align: center;"><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: 7pt;">
<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: 56.7pt;">
<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; width: 7pt;">
<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: 70.85pt;">
<p style="margin: 0pt; text-align: center;"><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: 7pt;">
<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: 56.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 09/30/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; background-color: #daeef3;">
<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: bottom; width: 70.85pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<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: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,825)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,581</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes in the foreign market (b)&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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; 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: bottom; width: 56.7pt;">
<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: bottom; 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: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,263</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 70.85pt;">
<p style="margin: 0pt; text-align: right;"><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; 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: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,344</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; background-color: #daeef3;">
<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: bottom; width: 70.85pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<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: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,291)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,511</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Banco do </font><font style="font-family: 'Times New Roman';">Brasil</font><font style="font-family: 'Times New Roman';"> (f)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<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; 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: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">770</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: 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: 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: bottom; width: 70.85pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(347)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">423</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; background-color: #daeef3;">
<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: bottom; width: 70.85pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(94)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<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: bottom; width: 136.05pt;">
<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: bottom; width: 70.85pt;">
<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; 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: bottom; width: 56.7pt; 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'; font-size: 10pt;">1,382</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 56.7pt; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 70.85pt; border-bottom-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;">(1,361)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 56.7pt; 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'; font-size: 10pt;">21</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; background-color: #daeef3;">
<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; width: 70.85pt; background-color: #daeef3;">
<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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3; 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;">71,766</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3; 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;">20,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; background-color: #daeef3; 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;">(17,951)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3; 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;">73,880</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 amount to be appropriated to profit or loss in the future is as follows:</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: 2.5pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 29.25pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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;">Up to 1 year</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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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;">1 to 2 years</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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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;">2 to 3 years</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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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;">3 to 4 years</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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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;">4 to 5 years</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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; 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;">More than 5 years</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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; 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</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; background-color: #daeef3;">
<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: bottom; width: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,828</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,227</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">281</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,581</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt;">
<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; width: 42.5pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,889</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,892</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,896</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,912</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,902</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,853</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,344</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; background-color: #daeef3;">
<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: bottom; width: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,511</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,511</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Banco do </font><font style="font-family: 'Times New Roman';">Brasil</font><font style="font-family: 'Times New Roman';"> (f)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">121</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: 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: 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: 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: 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: 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: 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: bottom; width: 56.7pt;">
<p style="margin: 0pt; text-align: 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: 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: bottom; width: 42.5pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">423</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; background-color: #daeef3;">
<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: bottom; width: 42.5pt; background-color: #daeef3; border-bottom-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;">21</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3; border-bottom-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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3; border-bottom-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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3; border-bottom-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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3; border-bottom-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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; background-color: #daeef3; border-bottom-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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; background-color: #daeef3; border-bottom-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;">21</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt;">
<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; width: 42.5pt; 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;">21,325</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt; 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;">15,608</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt; 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;">10,724</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt; 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;">7,139</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt; 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;">5,183</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 56.7pt; 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;">13,901</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 42.5pt; 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;">73,880</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;">j. Guarantees</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 financings are guaranteed by collateral in the amount of R$ </font><font style="font-family: 'Times New Roman';">74,</font><font style="font-family: 'Times New Roman';">870</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';">September</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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">4,632,975</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">11,833,294</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 of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">140,887</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';">September</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;"><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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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';">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;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font></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;">IPP</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;">Oxiteno</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<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: 51.6pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<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: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<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: 51.6pt; background-color: #daeef3;">
<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: 25.5pt;">
<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;">Maximum amount of future payments related to these collaterals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">250,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt;">
<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: bottom; 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: bottom; width: 51.6pt;">
<p style="margin: 0pt; text-align: 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: 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: bottom; width: 51.6pt;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; background-color: #daeef3;">
<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: bottom; width: 51.6pt; background-color: #daeef3;">
<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: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<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: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<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: 12pt;">
<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;">Fair value of collaterals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<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; 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: bottom; width: 51.6pt;">
<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: bottom; 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: bottom; width: 51.6pt;">
<p style="margin: 0pt; text-align: 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: 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: bottom; width: 51.6pt;">
<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';">September</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>
<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-weight: bold;"> 17. Trade payables</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; height: 147px; 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; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 7pt; 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; width: 51.6pt; 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: bottom; width: 198.45pt; 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; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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; width: 7pt; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Domestic suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,385</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<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; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,769,269</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,823,952</font></p>
</td>
</tr>
<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'; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,141</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,304</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Domestic suppliers &#8211; reverse factoring (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">593,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">262,870</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Domestic suppliers &#8211; reverse factoring (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) - related parties (see Note 8.a.2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; width: 7pt; 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; width: 51.6pt; 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; width: 7pt; 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; width: 51.6pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">61,123</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">193,080</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">804,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,222</font></p>
</td>
</tr>
<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-size: 10pt;"><font style="font-family: 'Times New Roman';">Foreign suppliers &#8211; reverse factoring (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; 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;">213,883</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; 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;">85,643</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; background-color: #daeef3; 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; width: 51.6pt; background-color: #daeef3; 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;">4,385</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; 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: 51.6pt; background-color: #daeef3; 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;">2,173</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; 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: 51.6pt; background-color: #daeef3; 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;">3,447,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3; 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: 51.6pt; background-color: #daeef3; 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;">2,700,071</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: 10pt;"><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 style="font-size: 8pt;">Suppliers</font></font><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';"> &#8211; </font><font style="font-family: 'Times New Roman';">reverse factoring</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';">ome subsidiaries of the Company entered into an </font><font style="font-family: 'Times New Roman';">agreement</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> with a financial institution</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';">These agreements </font><font style="font-family: 'Times New Roman';">consist </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> the anticipation of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">receipt of </font><font style="font-family: 'Times New Roman';">trade payables</font><font style="font-family: 'Times New Roman';"> by the supplier, </font><font style="font-family: 'Times New Roman';">in which</font><font style="font-family: 'Times New Roman';"> the financial institution</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';">prepay</font><font style="font-family: 'Times New Roman';"> a certain amount fr</font><font style="font-family: 'Times New Roman';">om</font><font style="font-family: 'Times New Roman';"> the </font><font style="font-family: 'Times New Roman';">supplier</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';"> receives on the </font><font style="font-family: 'Times New Roman';">maturity</font><font style="font-family: 'Times New Roman';"> date the amount </font><font style="font-family: 'Times New Roman';">payable</font><font style="font-family: 'Times New Roman';"> by the subsidiaries of the Company. The decision to </font><font style="font-family: 'Times New Roman';">join </font><font style="font-family: 'Times New Roman';">this </font><font style="font-family: 'Times New Roman';">type of </font><font style="font-family: 'Times New Roman';">transaction is solely and exclusively </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> the supplier. The agreement does not </font><font style="font-family: 'Times New Roman';">substantially</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">change the main characteristics of the commercial conditions previously established </font><font style="font-family: 'Times New Roman';">between the subsidiaries of the Company and </font><font style="font-family: 'Times New Roman';">the supplier</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">. These </font><font style="font-family: 'Times New Roman';">transactions</font><font style="font-family: 'Times New Roman';"> are presented </font><font style="font-family: 'Times New Roman';">in </font><font style="font-family: 'Times New Roman';">operating activities</font><font style="font-family: 'Times New Roman';"> in the statements of cash flow</font><font style="font-family: 'Times New Roman';">.</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Some</font><font style="font-family: 'Times New Roman';"> Company</font><font style="font-family: 'Times New Roman';">&#8217;s</font><font style="font-family: 'Times New Roman';"> subsidiaries acquire oil</font><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman';">based fuels and LPG from Petrobras and its subsidiaries and ethylene from Braskem </font><font style="font-family: 'Times New Roman';">S.A. </font><font style="font-family: 'Times New Roman';">These suppliers control almost all the markets for these products in Brazil. </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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">18. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Salaries and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">elated </font><font style="font-family: 'Times New Roman'; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold;">harges</font></font></h1>
<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: 112px; 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; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 7pt; 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; width: 51.6pt; 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: bottom; width: 198.45pt; 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; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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; width: 7pt; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; 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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provisions on salaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,686</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">253,602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,716</font></p>
</td>
</tr>
<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'; font-size: 10pt;">Profit sharing, bonus and premium</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,542</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138,383</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,533</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Social charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,993</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,340</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,228</font></p>
</td>
</tr>
<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'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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;">66</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; 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;">26,662</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; 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;">17,159</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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; height: 10px; background-color: #daeef3; 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;">36,287</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3; 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;">958</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3; 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;">513,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3; 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;">405,636</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>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">19. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Taxes </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ayable (Consolidated)</font></font></h1>
<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; width: 309pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 309pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ICMS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">183,611</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">149,547</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 309pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS</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;">32,146</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;">40,676</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 309pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ISS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,981</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,986</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 309pt;">
<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; 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;">31,050</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;">25,619</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 309pt; background-color: #daeef3;">
<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: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-bottom-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;">27,544</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-bottom-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;">27,094</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 309pt;">
<p style="margin: 0pt;"><font style="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; 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;">310,332</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;">269,922</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>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">20. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Employee </font><font style="font-family: 'Times New Roman'; font-weight: bold;">b</font><font style="font-family: 'Times New Roman'; font-weight: bold;">enefits and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">rivate </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ension </font><font style="font-family: 'Times New Roman'; font-weight: bold;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold;">lan</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </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'; font-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ULTRAPREV</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;">- </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;">ssocia&#231;&#259;o</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> de </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;">revid&#234;ncia </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;">omplementar</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 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 </font><font style="font-family: 'Times New Roman';">Ultraprev</font><font style="font-family: 'Times New Roman';"> - </font><font style="font-family: 'Times New Roman';">Associa&#231;</font><font style="font-family: 'Times New Roman';">&#227;</font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Previd&#234;ncia</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Complementar</font><font style="font-family: 'Times New Roman';"> (&#8220;</font><font style="font-family: 'Times New Roman';">Ultraprev</font><font style="font-family: 'Times New Roman';">&#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 (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) a monthly sum ranging between 0.</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">% and 1.0% of their respective accumulated fund in </font><font style="font-family: 'Times New Roman';">Ultraprev</font><font style="font-family: 'Times New Roman';"> or (ii) a fixed monthly amount</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> which will </font><font style="font-family: 'Times New Roman';">exhaust their respective accumulated fund over a period of 5 to </font><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';"> years. The sponsoring company does not </font><font style="font-family: 'Times New Roman';">take responsibility for </font><font style="font-family: 'Times New Roman';">guarantee</font><font style="font-family: 'Times New Roman';">ing</font><font style="font-family: 'Times New Roman';"> amounts or the duration of the benefits received by </font><font style="font-family: 'Times New Roman';">the retired </font><font style="font-family: 'Times New Roman';">employee. </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 May 2020, the Deliberative Council of </font><font style="font-family: 'Times New Roman';">Ultraprev</font><font style="font-family: 'Times New Roman';"> approved the use of the reversion fund</font><font style="font-family: 'Times New Roman';"> in the amount of R$</font><font style="font-family: 'Times New Roman';"> 4</font><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">088</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">which R$ </font><font style="font-family: 'Times New Roman';">6,439</font><font style="font-family: 'Times New Roman';"> used to deduct the sponsors&#8217; normal contributions. The balance of R$ 4</font><font style="font-family: 'Times New Roman';">0,649</font><font style="font-family: 'Times New Roman';"> on </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020 will be </font><font style="font-family: 'Times New Roman';">used in </font><font style="font-family: 'Times New Roman';">an average period between 10 and 70 months depending on the sponsor.&nbsp;</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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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 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';">For the nine-month period ended September 30, 2020, the subsidiaries contributed R$ </font><font style="font-family: 'Times New Roman';">15</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">924, including the use of the reversion fund of R$ 6,439</font><font style="font-family: 'Times New Roman';"> (R$ 16,179 for the nine-month period ended September 30, 2019) to </font><font style="font-family: 'Times New Roman';">Ultraprev</font><font style="font-family: 'Times New Roman';">, which is recognized as expense in the income statement. The total number of participating employees as of September 30, 2020 was 7,469 active participants and 353 retired participants. In addition, </font><font style="font-family: 'Times New Roman';">Ultraprev</font><font style="font-family: 'Times New Roman';"> had 24 former employees receiving benefits under the rules of a previous plan whose reserves are fully constituted.</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;">Post-employment </font><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;">enefits</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 subsidiaries recognized a provision for post-employment benefits mainly related to seniority bonus, </font><font style="font-family: 'Times New Roman';">payment of G</font><font style="font-family: 'Times New Roman';">overnment Severance Indemnity Fund (&#8220;FGTS&#8221;), and health, dental care, and life insurance plan for eligible retirees.</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 amounts related to such benefits were determined based on a valuation conducted by an independent actuary </font><font style="font-family: 'Times New Roman';">and reviewed by management</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';">September</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></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: 150px; 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; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 7pt; 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; width: 51.6pt; 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: bottom; width: 198.45pt; 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: bottom; width: 51.6pt; 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: 7pt; 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: bottom; width: 51.6pt; 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; width: 7pt; 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: bottom; width: 51.6pt; 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: 7pt; 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: bottom; width: 51.6pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Health and dental care plan </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: bottom; width: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">158,540</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154,142</font></p>
</td>
</tr>
<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'; font-size: 10pt;">Indemnification of FGTS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,213</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">66,954</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">66,309</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Seniority bonus </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: bottom; width: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">898</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,668</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,485</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Life insurance </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: bottom; width: 51.6pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">18,768</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 51.6pt; 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;">17,931</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 18px; background-color: #daeef3;">
<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; width: 51.6pt; height: 18px; background-color: #daeef3; 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;">4,111</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 18px; background-color: #daeef3; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 18px; background-color: #daeef3; 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;">263,930</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 18px; background-color: #daeef3; 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;">272,867</font></p>
</td>
</tr>
<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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,522</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<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: bottom; width: 198.45pt; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,111</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">234,408</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">243,916</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'; vertical-align: super;"><font style="font-size: 7pt;">(1)</font> </font><font style="font-family: 'Times New Roman';">Only </font><font style="font-family: 'Times New Roman';">IPP</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';">Iconic </font><font style="font-family: 'Times New Roman';">Lubrificantes</font><font style="font-family: 'Times New Roman';"> S.A. (&#8220;Iconic&#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>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(2)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">In September 2020, there was a change in the bonus policy to retirement with reduced benefit.&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>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">21. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Provision for </font><font style="font-family: 'Times New Roman'; font-weight: bold;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold;">sset </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">etirement </font><font style="font-family: 'Times New Roman'; font-weight: bold;">o</font><font style="font-family: 'Times New Roman'; font-weight: bold;">bligation &#8211; </font><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">uel </font><font style="font-family: 'Times New Roman'; font-weight: bold;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold;">anks (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';">Th</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';"> provision corresponds to the legal obligation to remove </font><font style="font-family: 'Times New Roman';">the subsidiary IPP</font><font style="font-family: 'Times New Roman';">&#8217;s underground fuel tanks </font><font style="font-family: 'Times New Roman';">owned </font><font style="font-family: 'Times New Roman';">by&nbsp;</font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">-branded</font><font style="font-family: 'Times New Roman';"> located at</font><font style="font-family: 'Times New Roman';"> service stations after a certain use period (see Note 2.</font><font style="font-family: 'Times New Roman';">n</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>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; 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'; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance as of December 31, 2019</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,242</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions (new tanks)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">121</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expense with tanks removed</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,918)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accretion expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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;">5,076</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 18px; background-color: #daeef3; 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;">52,521</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; 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: 70.85pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; height: 17px; background-color: #daeef3;">
<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; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,655</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 354.35pt; 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: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,866</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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">22. Provisions and contingencies (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'; font-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Provisions for tax, civil, and labor risks</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 are parties in tax, civil, environmental, regulatory, and labor disputes at the administrative and judiciary levels, </font><font style="font-family: 'Times New Roman';">which</font><font style="font-family: 'Times New Roman';">, when applicable, are backed by escrow deposits. Provisions for losses are estimated and updated by</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">m</font><font style="font-family: 'Times New Roman';">anagement </font><font style="font-family: 'Times New Roman';">based on </font><font style="font-family: 'Times New Roman';">the opinion of the </font><font style="font-family: 'Times New Roman';">Company&#8217;s </font><font style="font-family: 'Times New Roman';">legal department and its </font><font style="font-family: 'Times New Roman';">external </font><font style="font-family: 'Times New Roman';">legal </font><font style="font-family: 'Times New Roman';">advisors</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 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'; 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: 223px; width: 100%;" width="100%">

<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; height: 34px;">
<p style="margin: 0pt; text-align: left;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Provisions</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.5pt; text-align: left; height: 34px;">
<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: 8.45pt; text-align: left; height: 34px;">
<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: 53.55pt; text-align: left; height: 34px;">
<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: 8.45pt; text-align: left; height: 34px;">
<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: 53.55pt; text-align: left; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Reversals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; text-align: left; height: 34px;">
<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; text-align: left; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Payments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; text-align: left; height: 34px;">
<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: 53.55pt; text-align: left; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Interest</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; text-align: left; height: 34px;">
<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: 53.55pt; text-align: left; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 09/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL (a.1.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.5pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">541,281</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; 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; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(537)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; 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; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,900</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">546,644</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.5pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,155</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; 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; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,264)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; 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; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; height: 17px;">
<p style="margin: 0pt; 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: bottom; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ICMS </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.5pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">96,472</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,156</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,022)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,085)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,623</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Civil, environmental and regulatory claims (a.2.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.5pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,855</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; 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; width: 53.55pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,780</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; 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; width: 53.55pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,924)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; 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; width: 53.55pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,765)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; 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; width: 53.55pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; 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; width: 53.55pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57,096</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Labor litigation (a.3.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.5pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">98,010</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,080</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(563)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,813)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,664</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94,378</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; 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: bottom; width: 53.5pt; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">92,822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; border-bottom: 1pt solid #000000; 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; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(414)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; border-bottom: 1pt solid #000000; 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; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">440</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">92,848</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; background-color: #daeef3; 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; width: 53.5pt; background-color: #daeef3; 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;">924,595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; 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: 53.55pt; background-color: #daeef3; 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;">16,016</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; 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: 53.55pt; background-color: #daeef3; 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;">(25,724)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; 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: 53.55pt; background-color: #daeef3; 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;">(37,663)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; 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: 53.55pt; background-color: #daeef3; 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;">9,365</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; 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: 53.55pt; background-color: #daeef3; 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;">886,589</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; 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; width: 53.5pt; 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: 8.45pt; 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: 53.55pt; 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: 8.45pt; 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: 53.55pt; 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: 8.45pt; 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: 53.55pt; 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: 8.45pt; 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: 53.55pt; 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: 8.45pt; 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: 53.55pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; background-color: #daeef3; 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; width: 53.5pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,455</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.45pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,968</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 107.7pt; 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: bottom; width: 53.5pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">884,140</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 8.45pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.55pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">844,621</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';">Some of the provisions above involve</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 whole or in part, </font><font style="font-family: 'Times New Roman';">escrow deposits</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';">Balances of escrow</font><font style="font-family: 'Times New Roman';"> deposits 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; width: 277.8pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; text-align: right;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 70.85pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tax matters</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">786,012</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">753,810</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Labor litigation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,093</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 70.85pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,605</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Civil and other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; background-color: #daeef3; border-bottom-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;">103,291</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; background-color: #daeef3; border-bottom-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;">96,028</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total &#8211; non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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;">952,396</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 70.85pt; 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;">921,443</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'>85</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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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 Provisions for tax matters and social security</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-weight: bold;">a.1.1</font><font style="font-family: 'Times New Roman';"> On October 7, 2005, the subsidiaries Cia. Ultragaz and </font><font style="font-family: 'Times New Roman';">Bahiana</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">filed for and obtained a preliminary injunction to recognize and offset PIS and COFINS credits on LPG purchases, against other taxes levied by the</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';">FB</font><font style="font-family: 'Times New Roman';">, 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</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">521,873</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';">September</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';">515,825</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';">). On July 18, 2014, a second instance unfavorable decision was published</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">subsidiaries </font><font style="font-family: 'Times New Roman';">appealed this decision on February 3, 2015. Appeals were also presented to the respective higher courts </font><font style="font-family: 'Times New Roman';">Superior Court of Justice </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';">STJ</font><font style="font-family: 'Times New Roman';">&#8221;) </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">Federal Supreme Court (&#8220;</font><font style="font-family: 'Times New Roman';">STF</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">) whose </font><font style="font-family: 'Times New Roman';">final </font><font style="font-family: 'Times New Roman';">trial are pending.</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-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a.2 Provisions for </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;">ivil, </font><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;">nvironmental and </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;">egulatory </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;">laims</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-weight: bold;">a.2.1</font><font style="font-family: 'Times New Roman';"> The Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">maintain</font><font style="font-family: 'Times New Roman';"> 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</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">57,</font><font style="font-family: 'Times New Roman';">096</font><font style="font-family: 'Times New Roman';">&nbsp;</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';">September</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';">, 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';">85,855</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';"> The subsidiary IPP entered into an agreement in two civil lawsuits that were provisioned for the expected loss in the amount </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> R$ 27,995. </font><font style="font-family: 'Times New Roman';">Reason why</font><font style="font-family: 'Times New Roman';">, with the closing of the ca</font><font style="font-family: 'Times New Roman';">ses, this provision was written-</font><font style="font-family: 'Times New Roman';">off in the period.</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.3 Provisions for labor matters</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-weight: bold;">a.3.1</font><font style="font-family: 'Times New Roman';"> The Company and its subsidiaries maintain provisions of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">4,378</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';">September</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';">98,010</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';">) for labor litigation filed by former employees and by employees of our service providers</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> mainly</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> contesting the non-payment of labor rights.</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;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Contingent </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 (</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;">ossible)</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-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">are parties in</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">tax, civil, environmental, regulatory, and labor </font><font style="font-family: 'Times New Roman';">claims whose loss prognosis</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is assessed as </font><font style="font-family: 'Times New Roman';">possible (proceedings whose chance of loss is </font><font style="font-family: 'Times New Roman';">more than 25% and less or equal than </font><font style="font-family: 'Times New Roman';">50%) </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 Company</font><font style="font-family: 'Times New Roman';"> and its subsidiaries</font><font style="font-family: 'Times New Roman';">&#8217; legal departments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> based on the opinion of its external legal advisors</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and, based on this assessment, these claims </font><font style="font-family: 'Times New Roman';">were not recognized in the </font><font style="font-family: 'Times New Roman';">financial statements</font><font style="font-family: 'Times New Roman';">. The estimated amount of this contingency is R$ </font><font style="font-family: 'Times New Roman';">3,2</font><font style="font-family: 'Times New Roman';">70,901</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';">September</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';">2,840,086</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; 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;">b.1 Contingent </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 for </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 </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;">atters and </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;">ocial </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;">ecurity </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 have contingent liabilities for tax matters and social security in the amount of </font><font style="font-family: 'Times New Roman';">R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">2,3</font><font style="font-family: 'Times New Roman';">55,879</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">2,028,159</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';">), mainly represented by:</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-weight: bold;">b.1.1</font><font style="font-family: 'Times New Roman';"> 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</font><font style="font-family: 'Times New Roman';">$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">7,864</font><font style="font-family: 'Times New Roman';"> a</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">173,738</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;"><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'>86</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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">b.1.2</font><font style="font-family: 'Times New Roman';"> The subsidiary IPP and its subsidiaries have legal proceedings related to ICMS. The total amount involved in these proceedings, was R$ </font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">69,956</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';">September</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';">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';">836,822</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';"> Such proceedings arise mostly of the disregard of ICMS credits amounting to R$ 304,141</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';">September</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';">319,849</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';">), of which R$ </font><font style="font-family: 'Times New Roman';">91,</font><font style="font-family: 'Times New Roman';">987</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';">126,772</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';">) refer to proportional reversal requirement of ICMS credits related to the acquisition of hydrated alcohol; of alleged non-payment in the amount of R$ </font><font style="font-family: 'Times New Roman';">97,</font><font style="font-family: 'Times New Roman';">788</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';">September</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';">92,567</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';">of conditioned fruition of fiscal incentive in the amount of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">119,</font><font style="font-family: 'Times New Roman';">551</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';">September</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';">117,753</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 </font><font style="font-family: 'Times New Roman';">inventory differences in the amount of R$ </font><font style="font-family: 'Times New Roman';">27</font><font style="font-family: 'Times New Roman';">8,261</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';">September</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';">172,736</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';">) related to the leftovers or faults due to temperature changes or product handling.</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-weight: bold;">b.1.3</font><font style="font-family: 'Times New Roman';"> 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$ 7</font><font style="font-family: 'Times New Roman';">24,328</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';">September</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';">699,360</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';">), mainly represented by:</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-weight: bold;">b.1.3.1</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 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$ </font><font style="font-family: 'Times New Roman';">211,</font><font style="font-family: 'Times New Roman';">676</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';">September</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';">208,449</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';">, 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></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.2 Contingent </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 for </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;">ivil, </font><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;">nvironmental and </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;">egulatory </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;">laims </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 have contingent liabilities for civil, environmental and regulatory claims in the </font><font style="font-family: 'Times New Roman';">amount of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">34,479</font><font style="font-family: 'Times New Roman';">, totaling </font><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">862</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">lawsuits</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">549,664</font><font style="font-family: 'Times New Roman';">, totaling </font><font style="font-family: 'Times New Roman';">3,109</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">lawsuits</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';">), mainly represented by:</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-weight: bold;">b.2.1</font><font style="font-family: 'Times New Roman';"> 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,</font><font style="font-family: 'Times New Roman';">844</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';">Se</font><font style="font-family: 'Times New Roman';">ptember</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';">33,</font><font style="font-family: 'Times New Roman';">603</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';">). The imposition of such administrative decision was suspended by a court order and its merit is being judicially reviewed. </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-weight: bold;">b.2.2</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">In 2016, the subsidiary Cia. Ultragaz</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">became party to two administrative proceedings filed by CADE,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">related to allegations of anti-competitive practices: </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">) one of the proceedings relate to practices in the State of </font><font style="font-family: 'Times New Roman';">Para&#237;ba</font><font style="font-family: 'Times New Roman';"> and other Northeast States, in which the subsidiary </font><font style="font-family: 'Times New Roman';">Bahiana</font><font style="font-family: 'Times New Roman';"> is part along with Cia. Ultragaz.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">On this proceeding, Cia. Ultragaz and </font><font style="font-family: 'Times New Roman';">Bahiana</font><font style="font-family: 'Times New Roman';"> signed a Cessation Commitment Agreement (</font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">TCC</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">) with CADE, approved on November 22, 2017, in the amount of R$ 95,987</font><font style="font-family: 'Times New Roman';">, paid in 8 (eight) equal installments updated </font><font style="font-family: 'Times New Roman';">semiannually</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">by SELIC, with maturity of the first one in 180 (one hundred and eighty) days from the date of publication of the approval</font><font style="font-family: 'Times New Roman';">. 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 </font><font style="font-family: 'Times New Roman';">Bahiana</font><font style="font-family: 'Times New Roman';"> until final decision</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> ii) the second proceeding</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';">, paid in a single installment in </font><font style="font-family: 'Times New Roman';">March 8, 2018</font><font style="font-family: 'Times New Roman';">. 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</font><font style="font-family: 'Times New Roman';"> until final decision</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<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'>87</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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">b.2.3</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">The subsidiary IPP</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">became party to two administrative proceedings filed by CADE,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">related to allegations of anti-competitive practices in the city of Joinville, </font><font style="font-family: 'Times New Roman';">S</font><font style="font-family: 'Times New Roman';">tate of Santa Catarina and in the Distrito Federal.</font><font style="font-family: 'Times New Roman';"> The process related to the </font><font style="font-family: 'Times New Roman';">anti-competitive </font><font style="font-family: 'Times New Roman';">acts of Joinville, established in October 2015, is under judgment (until now two</font><font style="font-family: 'Times New Roman';"> favorable votes and one unfavorable vote have been pronounced)</font><font style="font-family: 'Times New Roman';"> while the lawsuit related to the Distrito Federal, from an administrative inquiry initiated in May 2012, which was converted into an administrative proceeding in June 2020, is in the stage of presentation of defense. Besides these, i</font><font style="font-family: 'Times New Roman';">n April, 2019</font><font style="font-family: 'Times New Roman';"> an administrative </font><font style="font-family: 'Times New Roman';">award was</font><font style="font-family: 'Times New Roman';"> imposed </font><font style="font-family: 'Times New Roman';">in the amount of R$ 40,693 </font><font style="font-family: 'Times New Roman';">for allegedly influencing uniform commercial conduct among fuel resellers</font><font style="font-family: 'Times New Roman';"> around</font><font style="font-family: 'Times New Roman';"> the </font><font style="font-family: 'Times New Roman';">city</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">Belo Horizonte, state of Minas </font><font style="font-family: 'Times New Roman';">Gerais</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 this case, there was an option for the judicial discussion of the assessment and penalty applied,</font><font style="font-family: 'Times New Roman';"> which has as last relevant movement the </font><font style="font-family: 'Times New Roman';">presentation of a reply by IPP, and it is certain that a decision has already been issued granting protection to suspend the enforceability of the fine. Management did not recognize a provision for these contingencies, </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">upported by the opinion of external legal counsel that classified the probability of loss as remote</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-weight: bold;">b.2.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">4</font><font style="font-family: 'Times New Roman';"> On November 29, 2016, a technical opinion was issued by the Operational Support Center for Execution (Centro de </font><font style="font-family: 'Times New Roman';">Apoio</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Operacional</font><font style="font-family: 'Times New Roman';"> &#224; </font><font style="font-family: 'Times New Roman';">Execu&#231;&#227;o</font><font style="font-family: 'Times New Roman';"> - 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<sup>nd</sup></font><font style="font-family: 'Times New Roman';">, 2015 at the Santos Terminal of the subsidiary </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';">. This technical opinion is non-binding, with no condemnatory or sanctioning nature, and will still be evaluated by the authorities and parties. The subsidiary </font><font style="font-family: 'Times New Roman';">disagrees with the methodology and the assumptions adopted in the proposal and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is negotiating an agreement with the MPE and the Brazilian Federal Public Prosecutor (&#8220;MPF&#8221;), </font><font style="font-family: 'Times New Roman';">since the beginning of the investigation </font><font style="font-family: 'Times New Roman';">and currently there is no </font><font style="font-family: 'Times New Roman';">civil </font><font style="font-family: 'Times New Roman';">lawsuit filed on the matter. The negotiations relate to </font><font style="font-family: 'Times New Roman'; font-style: italic;">in </font><font style="font-family: 'Times New Roman'; font-style: italic;">natura</font><font style="font-family: 'Times New Roman';"> repair of the any damages</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">hus, on May 15, 2019, the subsidiary </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">signed</font><font style="font-family: 'Times New Roman';"> a Partial Conduct Adjustment Commitment Agreement (&#8220;TAC&#8221;) </font><font style="font-family: 'Times New Roman';">in the amount of R$ 67,539 </font><font style="font-family: 'Times New Roman';">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. </font><font style="font-family: 'Times New Roman';">The n</font><font style="font-family: 'Times New Roman';">egotiations on compensation for other alleged damages are still ongoing and once concluded</font><font style="font-family: 'Times New Roman';">, the payments related to the project costs may affect the </font><font style="font-family: 'Times New Roman';">future </font><font style="font-family: 'Times New Roman';">Company&#8217;s </font><font style="font-family: 'Times New Roman';">Financial statements</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 the criminal sphere</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the MP</font><font style="font-family: 'Times New Roman';">F </font><font style="font-family: 'Times New Roman';">denounced </font><font style="font-family: 'Times New Roman';">the subsidiary </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';">, which</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was summoned and replied to the </font><font style="font-family: 'Times New Roman';">complaint</font><font style="font-family: 'Times New Roman';"> on June 19</font><font style="font-family: 'Times New Roman';">, 2018</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">On September 12, 2019, at a hearing in the federal court of Santos, the MPF and </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> agreed, and the judicial authority approved, the conditional suspension of the criminal proceedings for a period of 2 years, when </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> 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</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">In addition, </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';">September</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';">, 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';">are</font><font style="font-family: 'Times New Roman';"> contingent liabilities</font><font style="font-family: 'Times New Roman';"> not recognized</font><font style="font-family: 'Times New Roman';"> related to lawsuits in the amount of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">4,494</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';">11,403</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, 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';">. O</font><font style="font-family: 'Times New Roman';">n </font><font style="font-family: 'Times New Roman';">September</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';"> and December</font><font style="font-family: 'Times New Roman';"> 31</font><font style="font-family: 'Times New Roman';">, 2019</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';"> no</font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';"> extrajudicial l</font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">wsuits</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;">b.3 Contingent </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 for </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;">abor </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;">atters </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 have contingent liabilities for labor matters in the amount of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">28</font><font style="font-family: 'Times New Roman';">0,543</font><font style="font-family: 'Times New Roman';">, totaling </font><font style="font-family: 'Times New Roman';">1,</font><font style="font-family: 'Times New Roman';">472</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">lawsuits</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">262,263</font><font style="font-family: 'Times New Roman';">, totaling </font><font style="font-family: 'Times New Roman';">1,649</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">lawsuits</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of 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';">), mainly represented by:</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="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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">b.3.1</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 Petrochemical Industry Labor Union (</font><font style="font-family: 'Times New Roman';">Sindiqu&#237;mica</font><font style="font-family: 'Times New Roman';">), of which the employees of </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Nordeste</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';">Empresa</font><font style="font-family: 'Times New Roman';"> Carioca de </font><font style="font-family: 'Times New Roman';">Produtos</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Qu&#237;micos</font><font style="font-family: 'Times New Roman';"> S.A. (&#8220;</font><font style="font-family: 'Times New Roman';">EMCA</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';">, companies located in the </font><font style="font-family: 'Times New Roman';">Cama&#231;ari</font><font style="font-family: 'Times New Roman';"> Petrochemical Complex, are members, filed</font><font style="font-family: 'Times New Roman';">, in 1990,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">collective</font><font style="font-family: 'Times New Roman';"> lawsuits against the subsidiaries</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> demanding the compliance </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> the fourth section of the collective labor agreement</font><font style="font-family: 'Times New Roman';"> 1989/1990 (CCT 1989/1990)</font><font style="font-family: 'Times New Roman';">, which provided for a salary</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> adjustment in lieu of the salary policies practiced. The </font><font style="font-family: 'Times New Roman';">collective actions against the subsidiaries, which have already become final, </font><font style="font-family: 'Times New Roman';">were judged in a favorable way to </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Nordeste</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">EMCA</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">At the same time, in 1990, </font><font style="font-family: 'Times New Roman';">there was the proposal for a</font><font style="font-family: 'Times New Roman';"> collective agreement of legal nature, </font><font style="font-family: 'Times New Roman';">which appeared </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> the collective action</font><font style="font-family: 'Times New Roman';">, the </font><font style="font-family: 'Times New Roman';">Union</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">Employees</font><font style="font-family: 'Times New Roman';"> and the </font><font style="font-family: 'Times New Roman';">Union of </font><font style="font-family: 'Times New Roman';">Companies</font><font style="font-family: 'Times New Roman';"> (SINPEQ)</font><font style="font-family: 'Times New Roman';">, discussing the same object (validity of the fourth clause of CCT 1989/1990). </font><font style="font-family: 'Times New Roman';">This action</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">that transit judged only</font><font style="font-family: 'Times New Roman';"> in October 2019</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and remained unfavorable to SINPEQ</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">having the STF declared valid </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">fourth clause. During the process of collective </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">greement</font><font style="font-family: 'Times New Roman';"> between the Unions</font><font style="font-family: 'Times New Roman';">, some companies in the </font><font style="font-family: 'Times New Roman';">Cama&#231;ari</font><font style="font-family: 'Times New Roman';"> Petrochemical Complex signed an agreement with </font><font style="font-family: 'Times New Roman';">Sindiqu&#237;mica</font><font style="font-family: 'Times New Roman';">. In October 2015, </font><font style="font-family: 'Times New Roman';">Sindiqu&#237;mica</font><font style="font-family: 'Times New Roman';"> filed enforcement lawsuits against </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Nordeste</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';">, in 2017,</font><font style="font-family: 'Times New Roman';"> EMCA</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">because</font><font style="font-family: 'Times New Roman';"> these companies did not sign the agreement</font><font style="font-family: 'Times New Roman';"> of 2010</font><font style="font-family: 'Times New Roman';"> with </font><font style="font-family: 'Times New Roman';">Sindiqu&#237;mica</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 addition to collective actions, individual </font><font style="font-family: 'Times New Roman';">claims</font><font style="font-family: 'Times New Roman';"> containing the same object have been filed.</font><font style="font-family: 'Times New Roman';"> In all the ongoing lawsuits whose object is the fourth clause, all applicable legal measures have been taken to defend companies and there are no</font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';"> new final decisions in addition to those judged in favor of companies in the 1990s.</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;">c.</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;">Lubricants operation between IPP and Chevron</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-size: 10pt;"><font style="font-family: 'Times New Roman';">In the process of </font><font style="font-family: 'Times New Roman';">transaction</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">the lubricants</font><font style="font-family: 'Times New Roman';">'</font><font style="font-family: 'Times New Roman';"> operation in Brazil between Chevron and subsidiary IPP (see </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">ote 3.c</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">Interim Financial Information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of 2018 </font><font style="font-family: 'Times New Roman';">filed on CVM February 20, 2019</font><font style="font-family: 'Times New Roman';">), it was agreed that each shareholder is responsible for any claims arising out of acts, facts or omissions prior to the </font><font style="font-family: 'Times New Roman';">transaction</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he liability provisions of the Chevron shareholder in the amount of </font><font style="font-family: 'Times New Roman';">R$ 5,</font><font style="font-family: 'Times New Roman';">66</font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">5,423</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';"> are reflected in the consolidation of these</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';">. Additionally, in connection with the business combination, a provision in the amount of R$ 198,900 was recognized on December 1, 2017 due </font><font style="font-family: 'Times New Roman';">contingent liabilities</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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">188,073</font><font style="font-family: 'Times New Roman';"> as</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">188,073</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';">. The amounts of provisions of Chevron's liability </font><font style="font-family: 'Times New Roman';">recognized in the business combination </font><font style="font-family: 'Times New Roman';">will be reimbursed to subsidiary </font><font style="font-family: 'Times New Roman';">Iconic</font><font style="font-family: 'Times New Roman';"> in the event of losses and an indemnity asset </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';"> hereby constituted in the same amount</font><font style="font-family: 'Times New Roman';">, without the need to establish a provision for uncollectible amounts</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;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Contingent </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</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;">d.1 Exclusion of ICMS from the calculation basis of PIS and COFINS </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 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, </font><font style="font-family: 'Times New Roman';">as long as</font><font style="font-family: 'Times New Roman';"> applicable. For the subsidiaries </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> S.A., </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';"> </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> and Tropical</font><font style="font-family: 'Times New Roman';"> have final and unappealable decision, and the respective subsidies to prove the amounts to be refunded were duly </font><font style="font-family: 'Times New Roman';">confirmed by management and recorded in results, up to the present year of 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, the amount of R$ </font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">97,764</font><font style="font-family: 'Times New Roman';"> (up to R$ </font><font style="font-family: 'Times New Roman';">338,110</font><font style="font-family: 'Times New Roman';"> in 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">). As a result of injunctions obtained, some subsidiaries have already excluded ICMS from the PIS and COFINS calculation base in the amount of R$ 1</font><font style="font-family: 'Times New Roman';">98,334</font><font style="font-family: 'Times New Roman';"> until </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 20</font><font style="font-family: 'Times New Roman';">20 (R$ 141,618 as of December 31, 2019)</font><font style="font-family: 'Times New Roman';">. The amounts to be recovered</font><font style="font-family: 'Times New Roman';"> 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></font></p>
<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'>89</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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; 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>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">23. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Deferred </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">evenue (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 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>
<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-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font></font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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;">12/31/2019</font></p>
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<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>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">915</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: bottom; width: 70.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">956</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Loyalty program &#8220;Km de </font><font style="font-family: 'Times New Roman';">Vantagens</font><font style="font-family: 'Times New Roman';">&#8221; (b)</font></font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,219</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,096</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Loyalty program &#8220;Clube </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';">&#8221; (b)</font></font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #daeef3; border-bottom-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;">1,767</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; height: 17px; background-color: #daeef3; border-bottom-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>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,901</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 70.85pt; 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;">27,626</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;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Franchising </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;">pfront </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;">ee</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';">am/</font><font style="font-family: 'Times New Roman';">pm is the convenience stores chain of the </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> service stations</font><font style="font-family: 'Times New Roman';"> and, on September 30, 2020, had</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">26 stores </font><font style="font-family: 'Times New Roman';">with initial deferred franchi</font><font style="font-family: 'Times New Roman';">sing upfront</font><font style="font-family: 'Times New Roman';"> fee</font><font style="font-family: 'Times New Roman';">&nbsp;(</font><font style="font-family: 'Times New Roman';">31</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">stores </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 </font><font style="font-family: 'Times New Roman';">Ipiranga&#8217;s</font><font style="font-family: 'Times New Roman';"> lubricant-changing and automotive service specialized network</font><font style="font-family: 'Times New Roman';"> and, on September 30, 2020 had 17 stores </font><font style="font-family: 'Times New Roman';">with initial deferred<font>&nbsp;</font>franchising upfront<font>&nbsp;</font>fee</font><font style="font-family: 'Times New Roman';">&nbsp;(</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';">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 style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For more information on the deferred revenue from the franchi</font><font style="font-family: 'Times New Roman';">sing upfront</font><font style="font-family: 'Times New Roman';"> fee, see Note 2.a.</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;">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; 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';">Subsidiary </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> has a loyalty program called Km de </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> and its partners. Points received by </font><font style="font-family: 'Times New Roman';">Ipiranga&#8217;s</font><font style="font-family: 'Times New Roman';"> customers that may be used with the partner </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';"> and for discounts of fuel in </font><font style="font-family: 'Times New Roman';">Ipiranga&#8217;s</font><font style="font-family: 'Times New Roman';"> 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; 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';">Subsidiary </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> has a loyalty program called </font><font style="font-family: 'Times New Roman';">Clube </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'; 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';">, </font><font style="font-family: 'Times New Roman';">through</font><font style="font-family: 'Times New Roman';"> Km de </font><font style="font-family: 'Times New Roman';">Vantagens</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Points received by </font><font style="font-family: 'Times New Roman';">Extrafarma&#8217;s</font><font style="font-family: 'Times New Roman';"> 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; 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';">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.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For more information on deferred revenue from loyalty program, see Note 2.a.</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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<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;"><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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<h1 style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">24.</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></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';">Because of the association between the Company and </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';">o</font><font style="font-family: 'Times New Roman';">n January 31, 2014, 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';">. 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 </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';">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 </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> (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.&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';">On February 19</font><font style="font-family: 'Times New Roman';"> and August 12</font><font style="font-family: 'Times New Roman';">, 2020, the Company&#8217;s Board of Directors confirmed the issuance of</font><font style="font-family: 'Times New Roman';">, respectively,</font><font style="font-family: 'Times New Roman';"> 2,108,542 </font><font style="font-family: 'Times New Roman';">and 86,978 </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> shares by the Company, approved by the extraordinary general meeting of the Company held in January 31, 2014.</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 the association agreement between the Company and </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> on January 31, 2014 and due to the unfavorable decisions of some processes prior on January 31, 2014, 574,648 shares linked to the subscription warrants - indemnification were canceled and didn&#8217;t issue. 3,641,075 shares remain retained, linked to subscription warrants - indemnification which may be issued or canceled as the final decision of the processes is favorable or unfavorable, respectively. On September 30, 2020,</font><font style="font-family: 'Times New Roman';">&nbsp;the maximum number of shares, which could be issued in the future, linked to the subscription warrants - indemnification, were up </font><font style="font-family: 'Times New Roman';">to 3,</font><font style="font-family: 'Times New Roman';">657,550</font><font style="font-family: 'Times New Roman';"> shares, totaling R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">70,841</font><font style="font-family: 'Times New Roman';"> on </font><font style="font-family: 'Times New Roman';">September</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; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">25. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Equity</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: 2pt 0pt 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;">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>
<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';">September</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 of </font><font style="font-family: 'Times New Roman';">1,11</font><font style="font-family: 'Times New Roman';">5,005,712</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 </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020, on B3 was R$ </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">9.27</font><font style="font-family: 'Times New Roman';"> (R$ 25.48 as of December 31, 2019).&nbsp;</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';">September</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 and August 12, 2020, the Company&#8217;s Board of Directors confirmed the issuance of 2,108,542 and 86,978 common shares due to the partial exercise of the rights conferred by the subscription warrants</font><font style="font-family: 'Times New Roman';"> &#8211; </font><font style="font-family: 'Times New Roman';">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';">September</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 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;"><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'>91</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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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 </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';">, 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 </font><font style="font-family: 'Times New Roman';">Ultrapar&#8217;s</font><font style="font-family: 'Times New Roman';"> 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>
<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 style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Equity instrument granted</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 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>
<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 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;">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>
<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';">September</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 R$ </font><font style="font-family: 'Times New Roman';">18.12</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;">&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;">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>
<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; 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</font><font style="font-family: 'Times New Roman';"> 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';"> Additionally, on February 19 and August 12, 2020, there was an increase in the reserve totaled amount of R$ 53,072 and <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;">R$ 1,691</font>, respectively, due to the partial exercise of the subscription warrants &#8211; indemnification (see note 24).</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;">e.</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;">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>
<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.&nbsp;</font></font></p>
<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'>92</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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">&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;">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>
<p style="margin: 2pt 0pt 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 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 of </font><font style="font-family: 'Times New Roman';">September</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>
<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;">&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;">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 </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;">umulative </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>
<p style="margin: 2pt 0pt 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;">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)</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;&nbsp;&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 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><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;&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>
<p style="margin: 0pt 0pt 0pt 21.3pt; 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';">(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 21.3pt; text-align: justify; text-indent: -21.3pt;"><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;"><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'>93</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 style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<p style="margin: 0pt; 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:&nbsp;</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-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></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;">Fair value of cash flow hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 41px;">
<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: 53.85pt; height: 41px;">
<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: 7pt; height: 41px;">
<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: 41px;">
<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: 7pt; height: 41px;">
<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: 41px;">
<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: 7pt; height: 41px;">
<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: 41px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 53.85pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.85pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; height: 17px; background-color: #daeef3;">
<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: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; 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: bottom; width: 53.85pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(743,922)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 53.85pt; height: 34px;">
<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; width: 7pt; 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; 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: bottom; width: 7pt; 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; 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: bottom; width: 7pt; 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; width: 42.5pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(743,684)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 53.85pt; height: 17px; background-color: #daeef3; border-bottom-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;">253,200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.85pt; height: 17px; background-color: #daeef3; border-bottom-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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 17px; background-color: #daeef3; border-bottom-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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 17px; background-color: #daeef3; border-bottom-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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; height: 17px; background-color: #daeef3; border-bottom-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;">253,200</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Balance as of September 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; 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;">(786,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 53.85pt; 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;">443</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 56.7pt; 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;">(47,759)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 56.7pt; 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;">197,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 42.5pt; 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;">(636,801)</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: 124px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 136.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; 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: 7pt; 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: 53.85pt; 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: 7pt; 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: 7pt; 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: 7pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 136.05pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 53.85pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.85pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; height: 17px; background-color: #daeef3;">
<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: 31px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 136.05pt; height: 31px;">
<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: bottom; width: 53.85pt; height: 31px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(157,231)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 53.85pt; height: 31px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">719</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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; width: 56.7pt; 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; width: 7pt; 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; width: 56.7pt; 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; width: 7pt; 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; width: 42.5pt; height: 31px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(156,512)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 136.05pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,476</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,476</font></p>
</td>
</tr>
<tr style="height: 31px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 136.05pt; height: 31px;">
<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: bottom; width: 53.85pt; height: 31px; border-bottom-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; width: 7pt; 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; width: 53.85pt; height: 31px; border-bottom-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; width: 7pt; 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; width: 56.7pt; height: 31px; border-bottom-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: bottom; width: 7pt; 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; width: 56.7pt; height: 31px; border-bottom-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; width: 7pt; 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; width: 42.5pt; height: 31px; border-bottom-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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 136.05pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Balance as of September 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 18px; background-color: #daeef3; 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;">(347,091)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 53.85pt; height: 18px; background-color: #daeef3; 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;">446</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 18px; background-color: #daeef3; 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;">(17,511)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 56.7pt; height: 18px; background-color: #daeef3; 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;">197,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 42.5pt; height: 18px; background-color: #daeef3; 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;">(166,787)</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-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-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 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>
<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'>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;"><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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<p style="margin: 0pt; 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></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; width: 315.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; text-align: justify;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; text-align: justify;">
<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; width: 51.6pt; text-align: justify;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 315.05pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Initial balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3;">
<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; width: 6.3pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,857</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 315.05pt;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency adjustment translation of foreign subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">299,625</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<p style="margin: 0pt; text-align: right;"><font 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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,418</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 315.05pt; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; 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: bottom; width: 51.6pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(152,950)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31,864)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 315.05pt;">
<p style="margin: 0pt 0pt 0pt 10pt; 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: bottom; 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;">52,003</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt;">
<p style="margin: 0pt; text-align: right;"><font 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; border-bottom-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;">10,834</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 315.05pt; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #daeef3; 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;">301,105</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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;">89,245</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;"><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 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;">a</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">llocation of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">n</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">et </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;">ncome</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 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</font><font style="font-family: 'Times New Roman';">, and </font><font style="font-family: 'Times New Roman';">were </font><font style="font-family: 'Times New Roman';">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; 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: 2pt 0pt 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; width: 277.8pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; border-bottom-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: 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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; border-bottom-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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt; background-color: #daeef3;">
<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: bottom; width: 70.85pt; background-color: #daeef3;">
<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; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; background-color: #daeef3;">
<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: bottom; width: 277.8pt;">
<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: bottom; width: 70.85pt;">
<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; 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: bottom; width: 70.85pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">264,262</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt; background-color: #daeef3;">
<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: bottom; width: 70.85pt; background-color: #daeef3; border-bottom-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;">(261,409)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; background-color: #daeef3; border-bottom-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;">(264,487)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of September 30, 2020&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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;">14,750</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 70.85pt; 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;">16,469</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'>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;"><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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<h1 style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">26. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Net </font><font style="font-family: 'Times New Roman'; font-weight: bold;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold;">evenue from </font><font style="font-family: 'Times New Roman'; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ale and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ervices (Consolidated)</font></font></h1>
<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: 154px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 311.8pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 52.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 311.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: 52.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">61,874,881</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,274,939</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 311.8pt; height: 17px;">
<p style="margin: 0pt;"><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: 52.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">679,488</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: 52.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640,879</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 311.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: 52.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,068,529)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,912,201)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 311.8pt; height: 17px;">
<p style="margin: 0pt;"><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: 52.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,237,466)</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: 52.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,114,791)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 311.8pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: 52.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(224,441)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(273,383)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 311.8pt; height: 17px;">
<p style="margin: 0pt;"><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: 52.7pt; 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'; font-size: 10pt;">1,517</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: 52.7pt; 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'; font-size: 10pt;">19,745</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 311.8pt; height: 18px; background-color: #daeef3;">
<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: 52.7pt; height: 18px; background-color: #daeef3; 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;">58,025,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.7pt; height: 18px; background-color: #daeef3; 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;">65,635,188</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>
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">27. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Expenses by </font><font style="font-family: 'Times New Roman'; font-weight: bold;">n</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ature</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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 287px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; 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: bottom; width: 7pt; 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; width: 51.6pt; 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: bottom; width: 199.85pt; 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; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51.6pt; height: 17px; text-align: right;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; 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; width: 51.6pt; height: 17px; text-align: right;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px; background-color: #daeef3;">
<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: 51.6pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,686,638</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,068,058</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,039</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,556</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,647,883</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,840,508</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,030,089</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">872,565</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,877</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">698,363</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">623,620</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">219,225</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">278</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; 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: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,059</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">143,398</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,800</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,600</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">236,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">250,457</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 20px;">
<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; width: 51.6pt; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,506</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,794</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 51.6pt; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">349,949</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Allocation of corporate expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-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;">(143,738)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3; border-bottom-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;">(19,407)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3; border-bottom-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; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3; border-bottom-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: bottom; width: 199.85pt; 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; width: 51.6pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51.6pt; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51.6pt; 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;">56,857,331</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 51.6pt; 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;">64,367,780</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<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; width: 199.85pt; 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; width: 51.6pt; 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; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,925,516</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">61,161,756</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,854,841</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,961,011</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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; width: 51.6pt; 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; 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: bottom; width: 51.6pt; 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; 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: bottom; width: 51.6pt; 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;">1,076,974</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 51.6pt; 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;">1,245,013</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 18px; background-color: #daeef3;">
<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; width: 51.6pt; height: 18px; background-color: #daeef3; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 18px; background-color: #daeef3; 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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 18px; background-color: #daeef3; 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;">56,857,331</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 18px; background-color: #daeef3; 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;">64,367,780</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>
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">28</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Gain (loss) on </font><font style="font-family: 'Times New Roman'; font-weight: bold;">d</font><font style="font-family: 'Times New Roman'; font-weight: bold;">isposal 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 </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ntangibles</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> (Consolidated)&nbsp;</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 </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';">nine</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">September</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 R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">35,926</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">gain</font><font style="font-family: 'Times New Roman';"> of R$ </font><font style="font-family: 'Times New Roman';">908</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';">September</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';"> </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>
<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'>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;"><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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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>
<h1 style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">29. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Other </font><font style="font-family: 'Times New Roman'; font-weight: bold;">o</font><font style="font-family: 'Times New Roman'; font-weight: bold;">perating </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ncome, </font><font style="font-family: 'Times New Roman'; font-weight: bold;">n</font><font style="font-family: 'Times New Roman'; font-weight: bold;">et (Consolidated)</font></font></h1>
<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: 149px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 277.8pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 277.8pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; font-size: 7pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,813</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,668</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 277.8pt; height: 22px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Merchandising </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; 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: bottom; width: 70.85pt; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,001</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 277.8pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; font-size: 8pt;">(3)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">128</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,833</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 277.8pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultracargo &#8211; fire accident in Santos </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(4)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; 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; width: 7pt; 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; width: 70.85pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,822)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 277.8pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; font-size: 7pt;">(5)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">98,496</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 277.8pt; height: 13px;">
<p style="margin: 0pt;"><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; font-size: 8pt;">(6)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 13px;">
<p style="margin: 0pt; text-align: 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: 7pt; 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; width: 70.85pt; height: 13px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,539)</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 277.8pt; height: 22px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Provision for decarbonization obligation </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(7)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 22px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(66,374)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 22px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; height: 22px; background-color: #daeef3;">
<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: 277.8pt; 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: bottom; width: 70.85pt; 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;">412</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: bottom; width: 70.85pt; 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;">12,397</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 277.8pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: 70.85pt; height: 18px; background-color: #daeef3; 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;">114,247</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 70.85pt; height: 18px; background-color: #daeef3; 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;">100,034</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; text-align: justify; text-indent: -7.1pt;"><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';">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 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><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.&nbsp;</font></font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;"><font style="font-size: 8pt;">(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 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;"><font style="font-size: 8pt;">(4)</font> </font><font style="font-family: 'Times New Roman';">For more information</font><font style="font-family: 'Times New Roman';"> about the fire accident in Ultracargo</font><font style="font-family: 'Times New Roman';">, see Note 22.b.2.4.</font></font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><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';"> 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</font><font style="font-family: 'Times New Roman';"> S.A., </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">Oleoquimica</font><font style="font-family: 'Times New Roman';">, EMCA, </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';"> and Tropical</font><font style="font-family: 'Times New Roman';"> </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</font><font style="font-family: 'Times New Roman';">, Ipiranga</font><font style="font-family: 'Times New Roman';"> and Iconic credits</font><font style="font-family: 'Times New Roman';">.&nbsp;</font></font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(6) </font><font style="font-family: 'Times New Roman';">For more information, see Note 22.b.2.4.</font></font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><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;">7</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Refers to the </font><font style="font-family: 'Times New Roman';">obligation</font><font style="font-family: 'Times New Roman';"> adopted by the Brazilian National Biofuels Policy &#8211; RenovaBio (implemented by Law No. 13,576/2017, with additional regulations established by Decree No. 9,888/2019 and Ordinance No. 419 of November 20, 2019 issued by the Brazilian Ministry of Mines and Energy) to set decarbonization targets for its sector.</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'>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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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>
<h1 style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">30. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Financial </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ncome (Expense)</font></font></h1>
<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: 362px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; 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: bottom; width: 6.3pt; 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; width: 51.6pt; 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: bottom; width: 199.85pt; 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; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 6.3pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 6.3pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 6.3pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<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; width: 199.85pt; height: 17px;">
<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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,646</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,868</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110,314</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">245,099</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 6.3pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 6.3pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">106,796</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100,921</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<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: bottom; width: 51.6pt; 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; width: 6.3pt; 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; width: 51.6pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,583</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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; width: 51.6pt; 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; width: 6.3pt; 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; width: 51.6pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,583</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 34px; background-color: #daeef3;">
<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: bottom; width: 51.6pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 6.3pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 6.3pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82,429</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,146</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<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: bottom; width: 51.6pt; 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;">204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; 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; width: 6.3pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; 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;">7,274</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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; 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;">5,131</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,850</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100,451</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">306,813</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; height: 18px; border-bottom: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">401,880</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 6.3pt; 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: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 6.3pt; 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: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: 6.3pt; 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: 51.6pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,551)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 6.3pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(281,010)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(266,630)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px;">
<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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,686)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(88,550)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(250,156)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(387,900)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,416)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 6.3pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(109,994)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(98,934)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 10px;">
<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: bottom; width: 51.6pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,452)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,442)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(62,272)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,042)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 34px; background-color: #daeef3;">
<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: bottom; width: 51.6pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: 6.3pt; height: 34px; background-color: #daeef3;">
<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; width: 51.6pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 34px; background-color: #daeef3;">
<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; width: 51.6pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,162</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 34px; background-color: #daeef3;">
<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; width: 51.6pt; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">165,361</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 34px;">
<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: bottom; width: 51.6pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,322)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 34px;">
<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; width: 51.6pt; 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; width: 6.3pt; height: 34px;">
<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; width: 51.6pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,322)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 34px;">
<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; width: 51.6pt; height: 34px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 17px; background-color: #daeef3;">
<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&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-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; width: 6.3pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-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; width: 6.3pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-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;">(11,047)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 17px; background-color: #daeef3;">
<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; width: 51.6pt; height: 17px; background-color: #daeef3; border-bottom-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;">(21,484)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; 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: bottom; width: 51.6pt; 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;">(80,427)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; 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;">(90,967)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; 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;">(712,639)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; 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: bottom; width: 51.6pt; 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;">(656,629)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial income (expense)&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; height: 18px; background-color: #daeef3; 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;">(46,577)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 18px; background-color: #daeef3;">
<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; width: 51.6pt; height: 18px; background-color: #daeef3; 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;">9,484</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 18px; background-color: #daeef3;">
<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; width: 51.6pt; height: 18px; background-color: #daeef3; 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;">(405,826)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.3pt; height: 18px; background-color: #daeef3;">
<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; width: 51.6pt; height: 18px; background-color: #daeef3; 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;">(254,749)</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>
<div style="width: 8.5in; margin: 0 auto;">
<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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;"><font>&nbsp;</font>and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">31. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Earnings per </font><font style="font-family: 'Times New Roman'; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold;">hare (Parent and Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&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 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; 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; height: 249px; 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; text-align: center;"><font style="font-size: 10pt;"><br></font></p>
</td>
<td style="padding-left: 3pt; 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;">09/30/2020</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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3; width: 71%;">
<p style="margin: 0pt;"><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; height: 17px; background-color: #daeef3; width: 13%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 3%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 13%;">
<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;">Net income for the period of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640,062</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,088,600</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,084,373</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;">Basic earnings per share &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.4293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5903</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<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;">Net income for the period of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,358</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640,062</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,095,033</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,090,529</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;">Diluted earnings per share &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.4268</font></p>
</td>
<td style="padding-left: 3pt; padding-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;">0.5869</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<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;">Weighted average shares outstanding for basic per share </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,088,600</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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,084,373</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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;&nbsp;&nbsp;&nbsp; Subscription warrants &#8211; indemnification</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,658</font></p>
</td>
<td style="padding-left: 3pt; padding-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;">3,658</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; height: 17px; background-color: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,775</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,498</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;">Weighted average shares outstanding for diluted per share </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;">1,095,033</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;">1,090,529</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Earnings per share were adjusted retrospectively by the issue o</font><font style="font-family: 'Times New Roman';">f 2,1</font><font style="font-family: 'Times New Roman';">95,520</font><font style="font-family: 'Times New Roman';"> co</font><font style="font-family: 'Times New Roman';">mmon 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';">.&nbsp;<br><br></font></font></p>
<h1 style="margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">32. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Segment </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nformation</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</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-family: 'Times New Roman'; font-size: 8pt;">&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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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: 8pt;">&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. Financial information related to segments</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 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: 659px; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; 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;">09/30/2020</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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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 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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,439,739</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;"> 5,307,121</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 47,017,149</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 55,219,957</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;">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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,733,888</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 3,242,583</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 478,191</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 387,900</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;">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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,469,473</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,559,087</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Abastece A&#237;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,893</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: 17px; background-color: #daeef3;">
<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 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 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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 58,142,333</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 65,716,648</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 36,594</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 33,299</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;">Intersegment sales</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;">(153,477)</font></p>
</td>
<td style="padding-left: 3pt; padding-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;">(114,759)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt;"><font 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-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 58,025,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 65,635,188</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;">Intersegment sales:</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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,537</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,894</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;">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;"> 165</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 440</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 11,354</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 17,434</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;">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; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 102,064</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'; 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;"> 60,759</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 117,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 81,527</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 74%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </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; 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: 10px; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 36,357</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: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 33,232</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<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-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 153,477</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 114,759</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;">Net revenue from sales and services, excluding intersegment sales:</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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,436,202</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,304,227</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;">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;"> 47,016,984</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 55,219,517</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,722,534</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,225,149</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;">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;"> 376,127</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 327,141</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,469,473</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,559,087</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;">Abastece A&#237;</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: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,893</font></p>
</td>
<td style="padding-left: 3pt; padding-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: 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 58,025,213</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 65,635,121</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 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </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;">
<p style="margin: 0pt;"><font style="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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 237</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;"> 67</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 58,025,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 65,635,188</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;">Operating income (expense):</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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 401,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 251,823</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;">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;"> 639,291</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 1,166,702</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 212,775</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,454</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;">Ultracargo</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;"> 196,929</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 48,105</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,921)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(79,389)</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;">Abastece A&#237;</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;">(28,808)</font></p>
</td>
<td style="padding-left: 3pt; padding-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>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: 10px; background-color: #daeef3;">
<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; border-bottom: 1pt solid #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(67,386)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53,543)</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;">&nbsp;</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;"> 1,288,330</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 1,338,152</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </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: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 884</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,693</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: 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: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,289,214</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; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,340,845</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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 513px; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></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: 8pt; font-weight: bold;">09/30/2020</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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 74%;">
<p style="margin: 0pt;"><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; background-color: #daeef3; width: 2%;">
<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: #daeef3; width: 11%;">
<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: #daeef3; width: 2%;">
<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: #daeef3; width: 11%;">
<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 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: bottom; height: 17px;">
<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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 848</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,323</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;">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;"> 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: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 597</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 574</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,728</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;">&nbsp;</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;"> 1,969</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-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;"> 3,652</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </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: 22px; background-color: #daeef3;">
<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: 22px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,484)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,947)</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: 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-top: 1pt solid #000000; 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;">(30,515)</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-top: 1pt solid #000000; 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;">(18,295)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,258,699</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,322,550</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 result, net</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;">(405,826)</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;">(254,749)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 852,873</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,067,801</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;">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: 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;">&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: 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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 206,986</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 160,250</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;">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;"> 200,113</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: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 226,246</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 131,906</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 185,454</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;">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;"> 118,268</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-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;"> 128,316</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 28,441</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 59,457</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;">Abastece A&#237;</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;"> 388</font></p>
</td>
<td style="padding-left: 3pt; padding-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; border-bottom: 1pt solid #000000; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 686,102</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 759,723</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </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: 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; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 25,425</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;"> 10,130</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 711,527</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 769,853</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;">Asset retirement obligation &#8211; fuel tanks (see Note 21)</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;">(122)</font></p>
</td>
<td style="padding-left: 3pt; padding-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;">(248)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(406)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<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 0pt 0pt 10pt; text-indent: 0.4pt;"><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 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: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,577)</font></p>
</td>
<td style="padding-left: 3pt; padding-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: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,961)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 699,422</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 745,644</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 (see Note 11):</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;">&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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">291,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 231,737</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;">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;"> 4,812</font></p>
</td>
<td style="padding-left: 3pt; padding-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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">296,765</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: 2.8pt double #000000; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 231,737</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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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: 8pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 427px; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; 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;">09/30/2020</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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 74%;">
<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: #daeef3; width: 2%;">
<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: #daeef3; width: 11%;">
<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: #daeef3; width: 2%;">
<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: #daeef3; width: 11%;">
<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 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;"> 142,356</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 140,394</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 229,773</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 218,171</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;">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;"> 194,397</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 149,663</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 48,659</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 43,861</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;">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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 62,491</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 60,197</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Abastece A&#237;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,708</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3; 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;">
<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;">&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: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 684,384</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 612,286</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </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: 20px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,979</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 11,334</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: middle; height: 18px;">
<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: 18px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 698,363</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: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 623,620</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: middle; height: 10px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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 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;"> 223,217</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 273,327</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,224</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 56</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: 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: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 224,441</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: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 273,383</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<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 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;"> 29,792</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 22,522</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 131,145</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 118,305</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;">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;"> 9,638</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 7,008</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 14,351</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 16,468</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;">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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 53,675</font></p>
</td>
<td style="padding-left: 3pt; padding-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;"> 54,890</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Abastece A&#237;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-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: #daeef3; border-bottom: 1pt solid #000000;">
<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: middle; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3; 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;">
<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;">&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: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 238,616</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 219,193</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others </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: 20px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,531</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 32</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: 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: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 242,147</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-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 219,225</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 187px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 17px;">
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;"><font style="font-weight: bold; font-size: 8pt;">09/30/2020</font></p>
</td>
<td style="height: 17px; text-align: right;">
<p><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="height: 17px;">
<p style="text-align: right;"><font style="font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="height: 17px; width: 74%;">
<p>Total assets (excluding intersegment account balances):</p>
</td>
<td style="height: 17px; width: 2%;">
<p>&nbsp;</p>
</td>
<td style="height: 17px; width: 11%;">
<p>&nbsp;</p>
</td>
<td style="height: 17px; width: 2%;">
<p>&nbsp;</p>
</td>
<td style="height: 17px; width: 11%;">
<p>&nbsp;</p>
</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;">
<p>Ultragaz</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">2,907,019</p>
</td>
<td style="height: 17px; text-align: right;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">2,998,623</p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="height: 17px;">
<p>Ipiranga</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">18,917,916</p>
</td>
<td style="height: 17px; text-align: right;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">16,278,320</p>
</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;">
<p>Oxiteno</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">9,204,465</p>
</td>
<td style="height: 17px; text-align: right;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">7,453,476</p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="height: 17px;">
<p>Ultracargo</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">2,173,578</p>
</td>
<td style="height: 17px; text-align: right;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">1,871,799</p>
</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;">
<p>Extrafarma</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">1,824,683</p>
</td>
<td style="height: 17px; text-align: right;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">2,060,182</p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="height: 17px;">
<p>Abastece A&#237;</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="text-align: right;">84,167</p>
</td>
<td style="height: 17px; text-align: right;">
<p>&nbsp;</p>
</td>
<td style="height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="text-align: right;">-</p>
</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">35,111,828</p>
</td>
<td style="height: 17px; text-align: right;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">30,662,400</p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="height: 17px;">
<p>Others (1)</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">1,500,225</p>
</td>
<td style="height: 17px; text-align: right;">
<p>&nbsp;</p>
</td>
<td style="height: 17px;">
<p style="text-align: right;">533,072</p>
</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;">
<p>Total</p>
</td>
<td style="height: 17px;">
<p>&nbsp;</p>
</td>
<td style="height: 17px; 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="text-align: right;">36,612,053</p>
</td>
<td style="height: 17px; text-align: right;">
<p>&nbsp;</p>
</td>
<td style="height: 17px; 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="text-align: right;">31,195,472</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; 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'; vertical-align: super;">1</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font><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 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(2) </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 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><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'; vertical-align: super;">(3)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Includes the share of profit (loss) in the joint</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">ventures ConectCar and RPR.</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'>102</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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: 8pt;">&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: 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; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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;">09/30/2020</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: bottom; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 76%;">
<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: bottom; height: 17px; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,262,006</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 11%;">
<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: 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;">Mexico</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 170,355</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 100,178</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 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; border-top: 1pt solid #000000; 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;"> 1,532,539</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-top: 1pt solid #000000; 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: 202px; 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; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font></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: 8pt; font-weight: bold;">09/30/2020</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: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 76%; background-color: #daeef3;">
<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: bottom; height: 17px; width: 11%; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-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: 11%; background-color: #daeef3;">
<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 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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 56,622,321</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;"> 64,606,946</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 179,287</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 164,619</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;">Uruguay</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 49,937</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 29,988</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 457,596</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 317,937</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 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: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 445,594</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;"> 326,999</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #daeef3;">
<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: bottom; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 75,979</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 55,783</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;">Europe</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 117,597</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 85,968</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 77,139</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,948</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: 2.8pt double #000000; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 58,025,450</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; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 65,635,188</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;"><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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin: 10pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">33. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Risks and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold;">nstruments (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'; 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 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&#8211;</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;">g</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">overnance</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 CA</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of 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;">

<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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br></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;">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-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';">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: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 227px; 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; 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: 8pt; font-weight: bold;">09/30/2020</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: 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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 76%;">
<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: bottom; height: 17px; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 11%;">
<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;">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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,587,869</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;">455,620</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">331,487</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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: 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 assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,851,043</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-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 !important;">
<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: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,770,399</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-bottom: 2.8pt double #000000 !important;">
<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: 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;">Liabilities in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,135,021)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 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;">Payables arising from imports, net of advances to foreign suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(996,653)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,131,674)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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: 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 currency hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,322,379</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;">3,636,418</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><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; height: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,038,896)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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: 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;">Net asset (liability) position &#8211; income statement effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,610)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,011,286)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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;"><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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<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'; 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; 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';">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 </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';">038,896</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';">September</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; width: 100%; height: 138px;" 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-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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: 8pt; font-weight: bold;">Risk</font></p>
</td>
<td style="padding-left: 3pt; 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;">Scenario I</font></p>
</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'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</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'; 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;"><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;">Base</font></p>
</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'; font-size: 8pt; font-weight: bold;">25%</font></p>
</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'; font-size: 8pt; font-weight: bold;">50%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 56%; height: 17px;">
<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: bottom; background-color: #daeef3; width: 10%; height: 34px;">
<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: bottom; background-color: #daeef3; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,761)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,903)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,805)</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;">(2) Equity effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(201,129)</font></p>
</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'; font-size: 10pt;">(502,821)</font></p>
</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'; font-size: 10pt;">(1,005,643)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 18px;">
<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: bottom; background-color: #daeef3; 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; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(203,890)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(509,724)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,019,448)</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) Income statement effect</font></p>
</td>
<td rowspan="2" 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'; font-size: 10pt;">Real appreciation</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;">2,761</font></p>
</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; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,903</font></p>
</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; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,805</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,129</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">502,821</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,005,643</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; (3) + (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;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">203,890</font></p>
</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'; font-size: 10pt;">509,724</font></p>
</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'; font-size: 10pt;">1,019,448</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; width: 100%; height: 141px;" 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-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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: 8pt; font-weight: bold;">Risk</font></p>
</td>
<td style="padding-left: 3pt; 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;">Scenario I</font></p>
</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'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</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'; 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;"><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;">Base</font></p>
</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'; font-size: 8pt; font-weight: bold;">25%</font></p>
</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'; font-size: 8pt; font-weight: bold;">50%</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 19px; width: 56%;">
<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: bottom; background-color: #daeef3; height: 36px; width: 10%;">
<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: bottom; background-color: #daeef3; height: 19px; width: 10%;">
<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: bottom; background-color: #daeef3; height: 19px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 19px; width: 10%;">
<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: bottom; background-color: #daeef3; height: 19px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 19px; width: 10%;">
<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: bottom; 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: bottom; height: 17px;">
<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: 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'; font-size: 10pt;">(485,287)</font></p>
</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'; font-size: 10pt;">(970,575)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 18px;">
<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: bottom; background-color: #daeef3; 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; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<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: bottom; background-color: #daeef3; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<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: bottom; background-color: #daeef3; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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: bottom; 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: bottom; 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: bottom; 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: bottom; height: 19px;"><br></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;">(113,045)</font></p>
</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;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: bottom; background-color: #daeef3; height: 17px;">
<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: bottom; background-color: #daeef3; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: bottom; background-color: #daeef3; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: 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; (3) + (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;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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: 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'; font-size: 10pt;">372,242</font></p>
</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'; 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="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;">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-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 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>
</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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<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; 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: 337px; 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; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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: 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;">09/30/2020</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: 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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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: bottom; height: 17px; width: 66%;">
<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: bottom; height: 17px; 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: bottom; height: 17px; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,639,355</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: bottom; height: 17px; width: 11%;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,073,361</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<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: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Asset position of foreign exchange hedging instruments &#8211; 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;">33.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;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,412,529)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<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: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liability position of foreign exchange hedging instruments &#8211; 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;">33.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;">(2,124,304)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,318,289)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: bottom; background-color: #daeef3; 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: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,312,870)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<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: bottom; 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: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,136,987)</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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: bottom; 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: 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;">(42,397)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(103,945)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 18px;">
<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: bottom; background-color: #daeef3; 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: #daeef3; border-bottom: 2.8pt double #000000 !important; border-top: 1pt solid #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(42,397)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<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: bottom; 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: 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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Asset position of foreign exchange hedging instruments &#8211; LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">281,622</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<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: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans &#8211; LIBOR</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;">(624,603)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,457,263)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 18px;">
<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: bottom; background-color: #daeef3; 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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(342,981)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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: #daeef3; border-bottom: 2.8pt double #000000 !important; border-top: 1pt solid #000000 !important; height: 18px;">
<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: bottom; 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: 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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(442)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<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: bottom; 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: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(442)</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<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: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 10px;">
<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: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,522,807)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; border-bottom: 2.8pt double #000000 !important; height: 10px;">
<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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<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'; 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-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</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</font><font style="font-family: 'Times New Roman';">&nbsp;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; height: 262px; width: 100%;" width="100%">

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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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: 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 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
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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;">&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;">Risk</font></p>
</td>
<td style="padding-left: 3pt; 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;">Scenario I</font></p>
</td>
<td style="padding-left: 3pt; 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;">Scenario 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'; 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; 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: 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;">Base</font></p>
</td>
<td style="padding-left: 3pt; 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;">25%</font></p>
</td>
<td style="padding-left: 3pt; 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;">50%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 52%;">
<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; background-color: #daeef3; width: 15%;">
<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: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 11%;">
<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;">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 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;">10,523</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;">26,307</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;">52,614</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,233)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40,581)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(81,163)</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;">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 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;">(1,645)</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;">(11,428)</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;">(27,733)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: #daeef3;">
<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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,355)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,702)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,282)</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 0pt 0pt 10pt; text-indent: 0.4pt;"><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: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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: bottom; height: 17px;">
<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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,400)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: #daeef3;">
<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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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: bottom; height: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,400)</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;">Foreign exchange hedging instruments (assets in LIBOR) effect</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;">Increase in LIBOR</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;">605</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;">1,512</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;">3,023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,340)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,350)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,700)</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;">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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(735)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,838)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,677)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in SELIC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(222)</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;">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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(222)</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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 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; height: 272px; 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; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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-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 !important;">
<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: 17px;">
<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: 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: bottom; 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: bottom; 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: bottom; 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; 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: 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;">Base</font></p>
</td>
<td style="padding-left: 3pt; 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;">25%</font></p>
</td>
<td style="padding-left: 3pt; 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;">50%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 52%;">
<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; background-color: #daeef3; width: 15%;">
<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: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 11%;">
<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;">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 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;">29,304</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;">73,261</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;">146,522</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange hedging instruments (assets in DI)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><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: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,469)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(111,173)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(222,345)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,175)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><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: bottom; height: 18px;">
<p style="margin: 0pt;"><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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(54,285)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(238,446)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,213)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><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: bottom; height: 18px;">
<p style="margin: 0pt;"><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 style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,213)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,065)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><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: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,722</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><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: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,609</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;">Interest effect on debt in LIBOR</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;">Increase in LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,551)</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;">(8,876)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,753)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: #daeef3;">
<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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,829)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><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; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,144)</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;">Interest effect on debt in SELIC</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;">Increase in SELIC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(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;">(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;">(1,257)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: #daeef3;">
<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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(251)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><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; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><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-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;">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>
<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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br></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.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; 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'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; 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 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: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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; 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 !important; height: 17px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; height: 17px; background-color: #daeef3;">
<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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<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; width: 77%;">
<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; 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: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,353,934</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: bottom; height: 17px; width: 10%;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,453</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: bottom; 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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,201,853</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;">418,020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,549</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 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: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,797,789</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<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="margin: 0pt; 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-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 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.</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>
</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'>110</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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. The subsidiaries of the Company maintained the following allowance for expected losses on doubtful accounts balances on trade receivables:</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; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font></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: 8pt; font-weight: bold;">09/30/2020</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'; 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: 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 76%;">
<p style="margin: 0pt;"><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; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">462,944</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; 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: bottom;">
<p style="margin: 0pt;"><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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">113,473</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: bottom;">
<p style="margin: 0pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,778</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<p style="margin: 0pt; 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: bottom;">
<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: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94</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: bottom;">
<p style="margin: 0pt; 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,616</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,001</font></p>
</td>
</tr>
<tr style="height: 14.25pt;">
<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;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,905</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; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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-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: 147px; 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; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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 colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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; border-bottom: 1pt solid #000000 !important;">
<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;">
<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; border-bottom: 1pt solid #000000 !important;">
<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;">
<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 !important;">
<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; 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; border-bottom: 1pt solid #000000 !important;">
<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;">
<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; border-bottom: 1pt solid #000000 !important;">
<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;">
<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 !important;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 36%;">
<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; background-color: #daeef3; width: 9%;">
<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; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,681,112</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58,618</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 9%;">
<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; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 9%;">
<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; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 9%;">
<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: 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: 10pt;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.7%</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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,536</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,373</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.1%</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-family: 'Times New Roman'; font-size: 10pt;">185,612</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,975</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.5%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,381</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,275</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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;">
<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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.9%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,959</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,028</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.4%</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;">
<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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,062</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31.9%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83,862</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,747</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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;">
<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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54.9%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">913,797</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">501,864</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53.1%</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-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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<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: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,912,647</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,905</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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-family: 'Times New Roman'; font-size: 10pt;">The information about expected losses on doubtful accounts balances by geographic area 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: 154px; 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; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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: 8pt; font-weight: bold;">09/30/2020</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: 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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 74%;">
<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: bottom; height: 17px; background-color: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">583,826</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 12%;">
<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: 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;">Mexico</font></p>
</td>
<td style="padding-left: 3pt; padding-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;">1,123</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">89</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 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 Latin American countries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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;">561</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,281</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 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;">Europe</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,913</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;">7,075</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 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: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,905</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-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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.&nbsp;</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'>111</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">4 Price risk</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 are exposed to commodity price risk, </font><font style="font-family: 'Times New Roman';">due</font><font style="font-family: 'Times New Roman';"> the fluctuation in prices for diesel and gasoline, among others.</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';">To mitigate the risk of the fluctuation of diesel and gasoline prices, the Company and its subsidiaries permanently monitor the market, seeking to protect</font><font style="font-family: 'Times New Roman';">ion</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';">price movements through hedge transactions for cargo purchased in the international market</font><font style="font-family: 'Times New Roman';">, used contracts of derivative </font><font style="font-family: 'Times New Roman';">for heating oil (diesel) and RBOB (gasoline)</font><font style="font-family: 'Times New Roman';"> traded on the stock exchange</font><font style="font-family: 'Times New Roman';">. These </font><font style="font-family: 'Times New Roman';">products</font><font style="font-family: 'Times New Roman';"> are traded on the stock exchange and are subject</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> to the impacts of macroeconomic and geopolitical factors outside the control 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-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 shows the positions of derivative financial instruments to hedge commodity price risk at September 30, 2020:</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;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Derivative</font></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 colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Contract</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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Notional amount (m</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">)</font></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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Notional amount (USD thousands)</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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000 !important;">
<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: 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; 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;">&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;">Position</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;">Product</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;">Maturity</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;">09/30/2020</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'; 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;">12/31/2019</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'; 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;">09/30/2020</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'; 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;">12/31/2019</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'; 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;">09/30/2020</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'; 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;">12/31/2019</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'; 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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top;">
<p style="margin: 0pt; text-align: center;"><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: top;">
<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: top;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">R$ thousands</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 25%;">
<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: bottom; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt;"><font 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: #daeef3; width: 7%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 1%;">
<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: #daeef3; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Heating Oil</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 1%;">
<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: #daeef3; width: 7%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">oct-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt;"><font 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: #daeef3; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,743</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,950</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt;"><font 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: #daeef3; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,227</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,529</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt;"><font 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: #daeef3; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,671)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 1%;">
<p style="margin: 0pt;"><font 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: #daeef3; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,378)</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'; font-size: 10pt;">Term</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: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sold</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: 10pt;">&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: 10pt;">RBOB</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: 10pt;">&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: 10pt;">oct-20</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: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">74,246</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: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,867</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: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,224</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: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,243</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: bottom; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">269</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: bottom; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,107</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,402)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,271)</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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">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-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&#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; 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. 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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">4,266,065</font><font style="font-family: 'Times New Roman';">, including estimated interests on loans</font><font style="font-family: 'Times New Roman';"> (for quantitative information, see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. Furthermore, the investment </font><font style="font-family: 'Times New Roman';">initially </font><font style="font-family: 'Times New Roman';">plan</font><font style="font-family: 'Times New Roman';">ned</font><font style="font-family: 'Times New Roman';"> for </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">total</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> R$ </font><font style="font-family: 'Times New Roman';">1,7</font><font style="font-family: 'Times New Roman';">70,714</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';">third quarter</font><font style="font-family: 'Times New Roman';">, the amount 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';">1,003,656</font><font style="font-family: 'Times New Roman';"> had been </font><font style="font-family: 'Times New Roman';">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';">September</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';"> </font><font style="font-family: 'Times New Roman';">8,579,036</font><font style="font-family: 'Times New Roman';"> in c</font><font style="font-family: 'Times New Roman';">ash, cash 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';">September</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; height: 70px; 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;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Financial liabilities</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;">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'; font-size: 8pt; font-weight: bold;">Less than 1 year</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;">Between 1 and 3 years</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;">Between 3 and 5 years</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;">More than 5 years</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3; width: 50%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans including future contractual interest <font style="font-size: 8pt;">(1) (2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,731,066</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,266,065</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,609,060</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,067,551</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,788,390</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 style="font-size: 8pt;">(3)</font></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;">803,953</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;">367,344</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;">87,218</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;">139,905</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;">209,486</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #daeef3;">
<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: bottom; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,447,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,447,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<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: bottom; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,752,451</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;">303,766</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;">1,236,791</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;">607,468</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;">604,426</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: 10pt;"><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';">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';">1.96</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.</font><font style="font-family: 'Times New Roman';">7</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';">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';">4.22</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';">5.51</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';">5.09</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';">7</font><font style="font-family: 'Times New Roman';">5</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';">32</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';">7</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';">2</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';">in 2024, R$ </font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">2</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';">2</font><font style="font-family: 'Times New Roman';">4</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';">2</font><font style="font-family: 'Times New Roman';">6</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';">8</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';">3</font><font style="font-family: 'Times New Roman';">0</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.</font><font style="font-family: 'Times New Roman';">55</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 </font><font style="font-family: 'Times New Roman';">16.80</font><font style="font-family: 'Times New Roman';">% in 2020, </font><font style="font-family: 'Times New Roman';">4.11</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';">50</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';">37</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';">2.5</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 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><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'; vertical-align: super;">(2)</font><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 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><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'; vertical-align: super;">(3) </font><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';">September</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 </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> Intercontinental</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Exchange</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> and commodities heating oil</font><font style="font-family: 'Times New Roman';"> </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';">New York Mercantile Exchange</font><font style="font-family: 'Times New Roman';"> </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';">September</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>
<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>
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</table>
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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>
</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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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;">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>
<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 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; 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>
<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 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>
<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'>114</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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>
<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-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline;">Designated as hedge accounting</font></font></p>
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<p style="margin: 0pt;"><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; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt;"><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>
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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: 10pt;">&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;">Product</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: 8pt; font-weight: bold;">Hedged object</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: 8pt; font-weight: bold;">Rates agreement</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;">Maturity</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-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; 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; 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: 8pt; font-weight: bold;">Assets</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;">Liabilities</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: 8pt; font-weight: bold;">09/30/2020</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&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;">12/31/2019</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;">09/30/2020</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&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;">12/31/2019</font></p>
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</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 16%; height: 34px; background-color: #daeef3;">
<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; width: 1%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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%; height: 34px; background-color: #daeef3;">
<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; width: 1%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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: 14%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD + 4.58 %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103.9% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 34px; background-color: #daeef3;">
<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: 6%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; 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; width: 1%; height: 34px; background-color: #daeef3;">
<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: 6%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33.h.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 34px; background-color: #daeef3;">
<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: 8%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 185,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; 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; width: 1%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">381,483</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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%; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,298</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;">Foreign exchange swap</font></p>
</td>
<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;</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;">Debt</font></p>
</td>
<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;</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;">USD + LIBOR-3M + 1.14%</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;">105.0% DI</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;">&nbsp;</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;">jun-22</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;">&nbsp;</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;">33.h.1</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;">&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;">USD 50,000</font></p>
</td>
<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;</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;">USD 150,000</font></p>
</td>
<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;</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;">115,459</font></p>
</td>
<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;</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;">74,970</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<p style="margin: 0pt; 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: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; 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: 10px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">dec-25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33.h.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; 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: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<p style="margin: 0pt; 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: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">178,412</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,123</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;">Interest rate swap</font></p>
</td>
<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;</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;">Debt</font></p>
</td>
<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;</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;">6.47%</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;">99.9% DI</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;">&nbsp;</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;">nov-24</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;">&nbsp;</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;">33.h.1</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;">&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;">R$ 90,000</font></p>
</td>
<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;</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;">R$ 90,000</font></p>
</td>
<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;</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;">2,103</font></p>
</td>
<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;</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;">584</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<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: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<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: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<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: 34px; background-color: #daeef3;">
<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: 34px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">oct-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33.h.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 78,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: 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; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,402)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<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: middle; height: 34px;">
<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: 34px;">
<p style="margin: 0pt;"><font style="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: 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: middle; height: 34px;">
<p style="margin: 0pt;"><font style="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: 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: 34px;">
<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: 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: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">oct-20</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;">&nbsp;</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;">33.h.1</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;">&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;">USD 67,711</font></p>
</td>
<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;</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="vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="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;">(7,385)</font></p>
</td>
<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;</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>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><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: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<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: middle; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<p style="margin: 0pt; 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: 34px; background-color: #daeef3;">
<p style="margin: 0pt; 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: 34px; background-color: #daeef3;">
<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: #daeef3;">
<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: 34px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33.h.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 97,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="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: #daeef3;">
<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: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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 !important; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(129,811)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt;"><font 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 !important; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(121)</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: 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;"><font style="font-family: 'Times New Roman'; 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;"><font style="font-family: 'Times New Roman'; 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;"><font style="font-family: 'Times New Roman'; 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;"><font style="font-family: 'Times New Roman'; 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;"><font style="font-family: 'Times New Roman'; 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: right;"><font style="font-family: 'Times New Roman'; 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: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">534,859</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;">288,854</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;"><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'>115</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 358px; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline;"><font style="font-size: 8pt;">Not designated as hedge accounting</font></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'; 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: 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>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000 !important; height: 18px;">
<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; border-bottom: 1pt solid #000000 !important; height: 18px;">
<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; border-bottom: 1pt solid #000000 !important; height: 18px;">
<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; border-bottom: 1pt solid #000000 !important; height: 18px;">
<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; border-bottom: 1pt solid #000000 !important; height: 18px;">
<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; border-bottom: 1pt solid #000000 !important; height: 18px;">
<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; 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: 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: 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: 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; 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: 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: 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 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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: bottom; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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: bottom; height: 17px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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: bottom; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #daeef3; height: 34px; width: 20%;">
<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; background-color: #daeef3; height: 34px; width: 1%;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px; width: 8%;">
<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; background-color: #daeef3; height: 34px; width: 1%;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px; width: 14%;">
<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; background-color: #daeef3; height: 34px; width: 11%;">
<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; background-color: #daeef3; height: 34px; width: 1%;">
<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: #daeef3; height: 34px; width: 8%;">
<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; background-color: #daeef3; height: 34px; width: 1%;">
<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; background-color: #daeef3; height: 34px; width: 8%;">
<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; background-color: #daeef3; height: 34px; width: 1%;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px; width: 8%;">
<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; background-color: #daeef3; height: 34px; width: 1%;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px; width: 8%; text-align: right;">647,658</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 34px; 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; background-color: #daeef3; height: 34px; width: 8%;">
<p style="margin: 0pt; text-align: right;">353,451</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;">NDF</font></p>
</td>
<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;</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;">Firm commitments</font></p>
</td>
<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;</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;">BRL</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;">USD</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;">&nbsp;</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;">mar-21</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;">&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;">USD 243,619</font></p>
</td>
<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;</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;">USD 71,600</font></p>
</td>
<td style="vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="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; text-align: right;">61,105</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;">(1,080)</p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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: middle; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 1,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px; text-align: right;">(23)</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;">-</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;">Interest rate swap</font></p>
</td>
<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;</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;">Debt</font></p>
</td>
<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;</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;">BRL</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;">BRL</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;">&nbsp;</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;">oct-20</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;">&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;">R$ 400,000</font></p>
</td>
<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;</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="vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="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; text-align: right;">-</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;">-</p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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: middle; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;">48,535</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;">Foreign exchange swap</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'; 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: 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: middle; height: 34px;">
<p style="margin: 0pt;"><font style="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: 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: 34px;">
<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: 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: 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: 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;">-</font></p>
</td>
<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;</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;">USD 17,896</font></p>
</td>
<td style="vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="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; text-align: right;">-</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;">(2,203)</p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #daeef3; height: 34px;">
<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: middle; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px;">
<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: middle; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt;"><font 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: #daeef3; height: 34px; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;">612</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;">Term</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'; 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: 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: middle; height: 34px;">
<p style="margin: 0pt;"><font style="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: 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: 34px;">
<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: 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: 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: 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;">-</font></p>
</td>
<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;</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;">USD 56,000</font></p>
</td>
<td style="vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="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 !important; text-align: right;">-</td>
<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;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;">(1,271)</p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;">708,740</p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;">398,044</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'; vertical-align: super;"> (1) </font><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>
</div>
</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>
<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>
</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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 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-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;" 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-size: 8pt;"><font style="font-family: 'Times New Roman';">In thousands, except the DI %</font></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: 8pt; font-weight: bold;">09/30/2020</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'; 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'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 76%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">235,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">395,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</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;">676,657</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: bottom;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,416)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(36,764)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expense in the statements of profit or loss &#8211; R$</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;">(585,417)</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: bottom;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<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: bottom; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<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';">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;" 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-size: 8pt;"><font style="font-family: 'Times New Roman';">In thousands, except the DI %</font></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: 8pt; font-weight: bold;">09/30/2020</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'; 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'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 76%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">806,054</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">806,054</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</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;">33,560</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: bottom;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,455)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(76,992)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expense in the statements of profit or loss &#8211; R$</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;">(613)</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: bottom;">
<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: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<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: bottom; background-color: #daeef3;">
<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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<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>
<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'>117</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 102px; 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-size: 8pt;"><font style="font-family: 'Times New Roman';">In thousands, except the DI %</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: 8pt; font-weight: bold;">09/30/2020</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: 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>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px; width: 76%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,027</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">584</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">922</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(208)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expense in the statements of profit or loss &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,445</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(377)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99.9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99.9</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.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;">The foreign exchange hedging instruments and commodities designated as fair value hedge are 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 blend the fuel, as occurs with the price practiced in its sales. The subsidiary Ipiranga realizes these operations with over-the-counter derivatives that are designated in a hedge accouting relationship, as a fair value hedge in an amount equivalent to the inventories of imported product.</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-size: 8pt;"><font style="font-family: 'Times New Roman';">In thousands, except the DI %</font></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: 8pt; font-weight: bold;">09/30/2020</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'; 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'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 76%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">146,161</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,031)</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: bottom;">
<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; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt;"><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: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,493</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3;">
<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; font-style: italic; font-weight: bold;">h.2 Cash flow hedge</font></p>
<p style="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="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';">September</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 US$ </font><font style="color: #212121; font-family: 'Times New Roman';">488,572</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';">September</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$</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">4</font><font style="color: #212121; font-family: 'Times New Roman';">85,039</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">(loss of R$ </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="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';">On </font><font style="color: #212121; font-family: 'Times New Roman';">September</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 US$ </font><font style="color: #212121; font-family: 'Times New Roman';">97,500</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';">December</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';">September</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$</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">6,4</font><font style="color: #212121; font-family: 'Times New Roman';">6</font><font style="color: #212121; font-family: 'Times New Roman';">8</font><font style="color: #212121; font-family: 'Times New Roman';"> (</font><font style="color: #212121; font-family: 'Times New Roman';">loss</font><font style="color: #212121; font-family: 'Times New Roman';"> of R$ </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 </font><font style="color: #212121; font-family: 'Times New Roman';">a</font><font style="color: #212121; font-family: 'Times New Roman';"> 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';">1</font><font style="color: #212121; font-family: 'Times New Roman';">1</font><font style="color: #212121; font-family: 'Times New Roman';">9</font><font style="color: #212121; font-family: 'Times New Roman';">,890</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>
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<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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<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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<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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&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="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 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; 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';">September</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 </font><font style="color: #212121; font-family: 'Times New Roman';">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 US$ </font><font style="font-family: 'Times New Roman';">95,000</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';">September</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; is </font><font style="color: #212121; font-family: 'Times New Roman';">R$ </font><font style="color: #212121; font-family: 'Times New Roman';">100,947</font><font style="color: #212121; font-family: 'Times New Roman';"> (l</font><font style="color: #212121; font-family: 'Times New Roman';">oss 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>
<p style="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="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i. 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font></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;">09/30/2020</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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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Profit or loss</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;">Equity</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) and (ii)</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">577,332</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;">-</font></p>
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<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>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(349,399)</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;">(6,468)</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">c &#8211; Interest rate swaps in R$ (iii)</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,575</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;">-</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">d &#8211; Non-derivative financial instruments (iv)</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,153,107)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(934,945)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<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; background-color: #daeef3; 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'; font-size: 10pt;">(891,599)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; 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'; font-size: 10pt;">(941,413)</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: 154px; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2019</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'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000 !important;">
<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: 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: 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: 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: bottom; height: 17px;">
<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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 76%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) and (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 11%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">307,963</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 11%;">
<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;">b &#8211; Exchange rate derivates payable in U.S. dollars (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'; font-size: 10pt;">(1,792)</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;">(80)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,872)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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;">d &#8211; Non-derivative financial instruments (iv)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(244,400)</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;">(348,959)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<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; background-color: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">59,899</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(349,039)</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';">(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; 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';">(ii) Considers the designation effect of foreign exchange hedging</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';">(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; 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';">(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; 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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br></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;">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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 478px; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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;">&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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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 colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000 !important; 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: 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: 8pt;">&nbsp;</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: 8pt; font-weight: bold;">Category</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: 8pt; font-weight: bold;">Note</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: 8pt; font-weight: bold;">Carrying value</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: 8pt;">&nbsp;</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: 8pt; font-weight: bold;">Fair</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">value</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: 8pt;">&nbsp;</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: 8pt; font-weight: bold;">Carrying value</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: 8pt;">&nbsp;</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: 8pt; font-weight: bold;">Fair</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">value</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px; width: 26%;">
<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; background-color: #daeef3; height: 17px; width: 35%;">
<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: #daeef3; height: 17px; width: 5%;">
<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: #daeef3; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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: bottom; background-color: #daeef3; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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: bottom; background-color: #daeef3; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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: bottom; background-color: #daeef3; height: 17px; width: 7%;">
<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;">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: 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: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">306,784</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">306,784</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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: 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;">2,639,355</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;">2,639,355</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>
<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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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 foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,847,119</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,847,119</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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: 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;">147,874</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;">147,874</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>
<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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,368</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,368</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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: 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 foreign 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;">2,425,276</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;">2,425,276</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;">303,417</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;">303,417</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,302,819</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,302,819</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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: 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;">Trade Receivables</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 amortized cost</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;">5.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;">3,390,555</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;">3,372,613</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;">3,689,500</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;">3,663,247</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">926,187</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">923,359</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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: 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;">Total</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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,114,531</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-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 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,093,761</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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-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 !important; border-bottom: 2.8pt double #000000 !important;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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;">
<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;">1,409,575</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;">1,409,575</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;">1,666,092</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;">1,666,092</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,691,400</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,687,310</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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: 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;">Debentures</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 amortized cost</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;">5,445,686</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;">5,331,188</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;">5,657,339</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;">5,603,669</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,065,279</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,065,279</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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: 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;">Leases payable</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 amortized cost</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;">13</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;">1,831,773</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;">1,831,773</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;">1,588,673</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;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">143,986</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">143,986</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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: 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;">Trade payables</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 amortized cost</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;">17</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;">3,447,392</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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,422,092</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;">2,700,071</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;">2,678,808</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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-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'; font-size: 10pt;">24,105,572</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-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'; font-size: 10pt;">23,961,684</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-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'; 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-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'; font-size: 10pt;">19,997,517</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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(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;">&nbsp;</font></p>
<p style="margin: 0pt; 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 style="width: 96.237%; margin-left: 0.1px; height: 204px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 5.02447%;"><br></td>
<td style="width: 93.1372%;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 5.02447%; height: 17px;"><font style="color: #222222; font-family: Consolas, 'Lucida Console', 'Courier New', monospace; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: pre-wrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="width: 93.1372%; height: 17px; text-align: justify;"><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;">The fair value of cash and bank deposit balances are identical to their carrying values.</font></td>
</tr>
<tr style="height: 34px; text-align: justify;">
<td style="width: 5.02447%; height: 34px;"><font style="color: #222222; font-family: Consolas, 'Lucida Console', 'Courier New', monospace; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: pre-wrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font><br></td>
<td style="width: 93.1372%; height: 34px;"><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;">Financial investments in investment funds are valued at the value of the fund unit as of the date of the interim financial information, which corresponds to their fair value.</font></td>
</tr>
<tr style="height: 34px; text-align: justify;">
<td style="width: 5.02447%; height: 34px;"><font style="color: #222222; font-family: Consolas, 'Lucida Console', 'Courier New', monospace; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: pre-wrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font><br></td>
<td style="width: 93.1372%; height: 34px;">
<p><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in<font>&nbsp;</font>CDBs<font>&nbsp;</font>(Bank Certificates of Deposit) and similar investments offer daily liquidity through repurchase at the &#8220;yield curve&#8221; and the Company calculates their fair value through methodologies commonly used for mark to the market.</font></p>
</td>
</tr>
<tr style="height: 17px; text-align: justify;">
<td style="width: 5.02447%; height: 17px;"><font style="color: #222222; font-family: Consolas, 'Lucida Console', 'Courier New', monospace; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: pre-wrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="width: 93.1372%; height: 17px;">
<p><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>
</td>
</tr>
<tr style="height: 85px; text-align: justify;">
<td style="width: 5.02447%; height: 85px;"><font style="color: #222222; font-family: Consolas, 'Lucida Console', 'Courier New', monospace; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: pre-wrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="width: 93.1372%; height: 85px;">
<p><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subscription warrants &#8211; indemnification was measured based on the share price of<font>&nbsp;</font>Ultrapar<font>&nbsp;</font>(UGPA3) at the interim financial information date and are adjusted to the Company&#8217;s dividend yield, since the exercise is only possible starting in 2020 onwards and they are not entitled to dividends until then. 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>&nbsp;</font></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';">ee Note 24).</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 5.02447%; height: 17px; text-align: justify;"><font style="color: #222222; font-family: Consolas, 'Lucida Console', 'Courier New', monospace; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: pre-wrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="width: 93.1372%; height: 17px;">
<p style="text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fair value calculation of notes in the foreign market is based on the quoted price in an active market</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">(see Note 16.b).</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 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>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<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'>121</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<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'; 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>
<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';">(a) </font><font style="font-family: 'Times New Roman';">Level 1 &#8211; prices negotiated (without adjustment) in active markets for identical assets or liabilities;</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><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';">(b) </font><font style="font-family: 'Times New Roman';">Level 2 </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> 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></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';"><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'>122</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<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 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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 449px; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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: 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: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">09/30/2020</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: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><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; 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: center;"><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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; width: 34%;">
<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; width: 35%;">
<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: 5%;">
<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%;">
<p style="margin: 0pt; text-align: right;"><font style="font-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%;">
<p style="margin: 0pt; text-align: right;"><font style="font-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%;">
<p style="margin: 0pt; text-align: right;"><font style="font-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%;">
<p style="margin: 0pt; text-align: right;"><font style="font-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%;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: 10px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">306,784</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">306,784</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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;">2,639,355</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;">2,639,355</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,847,119</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,847,119</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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;">147,874</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;">147,874</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<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: #daeef3;">
<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: 34px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,368</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: 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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,368</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 foreign 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;">2,425,276</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;">953,013</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;">1,472,263</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,302,819</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: 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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,302,819</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;">Trade Receivables</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 amortized cost</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;">5.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;">3,372,613</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;">3,372,613</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: 10px; background-color: #daeef3;">
<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: #daeef3;">
<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: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">923,359</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">923,359</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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,093,761</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,157,110</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,936,651</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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;">1,409,575</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;">1,409,575</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,687,310</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,995,113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,692,197</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;">5,331,188</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-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;">5,331,188</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,065,279</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,065,279</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;">1,831,773</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: 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;">1,831,773</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">143,986</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: 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; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">143,986</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;">3,422,092</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;">
<p style="margin: 0pt; text-align: 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;">3,422,092</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subscription warrants &#8211; indemnification </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: bottom; height: 10px; background-color: #daeef3;">
<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: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,481</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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,961,684</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,995,113</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,966,571</font></p>
</td>
</tr>

</table>
</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'>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;"><a href="#TOC">Table of Contents</a></font></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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 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; height: 459px; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</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: 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: 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: 17px;">
<p style="margin: 0pt; text-align: center;"><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; 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: center;"><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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; width: 34%; height: 17px;">
<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; background-color: #daeef3; width: 35%; 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; background-color: #daeef3; width: 5%; 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; background-color: #daeef3; width: 8%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; width: 8%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; width: 8%; 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: 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: 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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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;">
<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: 25px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 25px;">
<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; background-color: #daeef3; height: 25px;">
<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; background-color: #daeef3; height: 25px;">
<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; background-color: #daeef3; height: 25px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 25px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 25px;">
<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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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;">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;">-</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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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: 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;">Trade Receivables</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 amortized cost</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;">5.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;">3,663,247</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;">3,663,247</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,214,435</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,291,392</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,923,043</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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;">
<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;">1,666,092</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;">1,666,092</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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: 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;">Debentures</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 amortized cost</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;">5,603,669</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;">5,603,669</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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: 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;">Leases payable</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 amortized cost</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;">13</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;">1,588,673</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;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 34px;">
<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: 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;">Trade payables</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 amortized cost</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;">17</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;">2,678,808</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;">2,678,808</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; 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';">Subscription warrants &#8211; indemnification </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: bottom; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; height: 10px;">
<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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; 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; background-color: #daeef3; height: 10px;">
<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: bottom; height: 17px;">
<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: 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; 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'; font-size: 10pt;">19,997,517</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-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-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'; font-size: 10pt;">4,587,932</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-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-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'; 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;">&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';">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>
<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'>124</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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<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'; 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 </font><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;">erivative </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 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, 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; 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';">September</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 base scenario the Real/U.S. dollar </font><font style="font-family: 'Times New Roman';">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 is R$ </font><font style="font-family: 'Times New Roman';">9.62</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 <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;">base</font> scenario. Scenarios II and III were estimated with</font><font style="font-family: 'Times New Roman';"> 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 <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;">base</font> 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';">September</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>
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<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;">09/30/2020</font></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; text-decoration: underline;">Risk</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;">Scenario I Base</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: 8pt; font-weight: bold;">Scenario II</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>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px; width: 45%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Currency swaps receivable in U.S. dollars</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px; width: 15%;">
<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: #daeef3; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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: bottom; background-color: #daeef3; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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: bottom; background-color: #daeef3; height: 17px; width: 12%;">
<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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<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;">(1) U.S. Dollar / Real swaps</font></p>
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<td rowspan="2" 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;">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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,300,263</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,409,286</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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,518,309</font></p>
</td>
</tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,300,260)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,409,256)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,518,252)</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<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: 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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><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: 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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; 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: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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: bottom; height: 17px;">
<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: bottom; height: 34px;">
<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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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;">(440,746)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(882,024)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4) Gross margin of Oxiteno/Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(532)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">440,746</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">882,024</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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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: bottom; height: 17px;">
<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: bottom; height: 34px;">
<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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(127,899)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-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;">111,378</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">127,899</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; 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; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font 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: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(111,378)</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; font-weight: bold;">(5)+(6)</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;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000 !important; border-top: 1pt solid #000000 !important; 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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>
</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'>125</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 2pt 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; height: 233px; 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;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">12/31/2019</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; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Base</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; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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; 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; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 45%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; 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: 17px; background-color: #daeef3; width: 15%;">
<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: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 12%;">
<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;">
<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;">(1) U.S. Dollar / Real swaps</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 50px;">
<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: 25px;">
<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; 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;">1,668,202</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;">2,635,905</font></p>
</td>
</tr>
<tr style="height: 25px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #daeef3;">
<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: 25px; background-color: #daeef3;">
<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; height: 25px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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; height: 25px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; 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: 17px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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;">(3) Real / U.S. Dollar swaps</font></p>
</td>
<td rowspan="2" 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;">Dollar devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 17px; background-color: #daeef3;">
<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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 17px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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;">(5) Options Real / U.S. Dollar swaps</font></p>
</td>
<td rowspan="2" 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;">Dollar devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-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;">42,101</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;">102,917</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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';">September</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';">September</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 base scenario</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';">base 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="margin: 0pt; 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>
<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: 72px; 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;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">09/30/2020</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; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Base</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; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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; 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; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3; width: 35%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; 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: #daeef3; width: 25%;">
<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: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; 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: 10px; background-color: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3; 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: 10px; background-color: #daeef3; width: 12%;">
<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;">(1) Fixed rate swap - DI</font></p>
</td>
<td rowspan="2" 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;">Decrease in Pre-fixed rate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,688)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(231,204)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(181,254)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Fixed rate debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,688</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">231,204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">181,254</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; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<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>
<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: 10px;">
<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;">12/31/2019</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; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Base</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; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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; 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; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0pt; text-align: center;"><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: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 35%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; 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: 17px; background-color: #daeef3; width: 25%;">
<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: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 12%;">
<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;">(1) Fixed rate swap - DI</font></p>
</td>
<td rowspan="2" 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;">Decrease in Pre-fixed rate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<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;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(74,027)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Fixed rate debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3;">
<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: 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; height: 18px; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: 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; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: 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; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000 !important;">
<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'>126</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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</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';">For the sensitivity analysis of the commodity price swings hedging instruments on </font><font style="font-family: 'Times New Roman';">September</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</font><font style="font-family: 'Times New Roman';"> 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 base 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; 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 </font><font style="font-family: 'Times New Roman';">September</font><font style="font-family: 'Times New Roman';"> 30, 2020 and </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="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: 57px; 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;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">09/30/2020</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; text-decoration: underline;">Risk</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: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Base</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; 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;">Scenario II</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; 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;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 35%;">
<p style="margin: 0pt;"><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: #daeef3; width: 25%;">
<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: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 12%;">
<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;">(1) NDF Commodities</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<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: 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;">1,118,378</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;">2,236,757</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Gross margin from Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: 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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,118,378)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,236,757)</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; font-weight: bold;">(1)+(2)</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;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top: 1pt solid #000000; 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: 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-top: 1pt solid #000000; 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: 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-top: 1pt solid #000000; 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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 65px; 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;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">12/31/2019</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; text-decoration: underline;">Risk</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: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Base</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; 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;">Scenario II</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; 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;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; width: 35%;">
<p style="margin: 0pt;"><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: #daeef3; width: 25%;">
<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: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #daeef3; 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: 17px; background-color: #daeef3; width: 12%;">
<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;">(1) NDF Commodities</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<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: bottom; height: 10px;">
<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: 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;">1,490,893</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;">2,881,245</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #daeef3;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Gross margin from Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #daeef3;">
<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: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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: 10px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: right;"><font style="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: #daeef3;">
<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: 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; height: 18px; border-top: 1pt solid #000000; 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: bottom; height: 18px; border-top: 1pt solid #000000; 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: bottom; height: 18px; border-top: 1pt solid #000000; 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>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin: 12pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">34. Commitments (Consolidated)</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'; font-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Contracts</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&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'; font-weight: bold;">a.1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">Subsidiary Tequimar has agreements with CODEBA</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with the</font><font style="font-family: 'Times New Roman';"> Complexo Industrial Portu&#225;rio Governador Eraldo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Gueiros</font><font style="font-family: 'Times New Roman';"> and with the company Empresa Maranhense de Administra&#231;&#227;o Portu&#225;ria</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> in connection with its port facilities in Aratu</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> Suape</font><font style="font-family: 'Times New Roman';"> and Itaqui</font><font style="font-family: 'Times New Roman';">, respectively. Such agreements establish a minimum cargo movement of products, 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="height: 102px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%">

<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; 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; text-align: center;"><font style="font-family: 'Times New Roman'; 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="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: #daeef3;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aratu</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 162.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">900</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> ton.</font></font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; 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; text-align: center;"><font style="font-family: 'Times New Roman'; 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; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">250</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> ton.</font></font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Suape</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 162.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">400</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> ton.</font></font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; 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; text-align: center;"><font style="font-family: 'Times New Roman'; 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; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">397,000 ton.</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2031</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #daeef3;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Itaqui</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 162.05pt; height: 17px; background-color: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; 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: #daeef3;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2049</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 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 </font><font style="font-family: 'Times New Roman';">tariff rates in effect on the date established for payment. </font><font style="font-family: 'Times New Roman';">As of </font><font style="font-family: 'Times New Roman';">September</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';">, these rates were R$ </font><font style="font-family: 'Times New Roman';">8.37</font><font style="font-family: 'Times New Roman';"> and R$ </font><font style="font-family: 'Times New Roman';">2.</font><font style="font-family: 'Times New Roman';">67</font><font style="font-family: 'Times New Roman';"> per ton for Aratu and Suape</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">respectively</font><font style="font-family: 'Times New Roman';"> and R$ 0.7</font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';"> per m&#179; for Itaqui</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">According to contractual conditions and tolerances, there are not material pending</font><font style="font-family: 'Times New Roman';"> issues</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">regarding the minimum purchase</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">limitsof </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">contract</font><font style="font-family: 'Times New Roman';">.</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'>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;"><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-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; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<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'; font-weight: bold;">a.2</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">Subsidiary </font><font style="font-family: 'Times New Roman';">Oxiteno </font><font style="font-family: 'Times New Roman';">S.A. </font><font style="font-family: 'Times New Roman';">has a supply agreement with Braskem S.A. which establishes</font><font style="font-family: 'Times New Roman';"> and regulates</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';">conditions for the supply of ethylene</font><font style="font-family: 'Times New Roman';"> to Oxiteno based on the international market for this product</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">These contracts establish a minimum commitment to according to the table below:</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: 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; text-align: center;"><font style="font-family: 'Times New Roman'; 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; text-align: center;"><font style="font-family: 'Times New Roman'; 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="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: #daeef3;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 84.1pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cama&#231;ari</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 167.25pt; background-color: #daeef3; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">205,000</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 98.1pt; background-color: #daeef3; 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;">
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mau&#225;</font></p>
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<td style="padding-right: 2.15pt; vertical-align: bottom; width: 167.25pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,100</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023</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;">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'; 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;">Insurance </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;">overage</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';">is supported by </font><font style="font-family: 'Times New Roman';">insurance policies with the objective of covering several risks to which it is exposed, including </font><font style="font-family: 'Times New Roman';">loss of profits, </font><font style="font-family: 'Times New Roman';">losses </font><font style="font-family: 'Times New Roman';">and damage </font><font style="font-family: 'Times New Roman';">from</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">certain locations</font><font style="font-family: 'Times New Roman';"> are 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: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 165.3pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maximum compensation value (*)</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; background-color: #daeef3;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$ 1,142&nbsp;&nbsp; </font></p>
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<p style="margin: 0pt; text-align: left;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(equivalent to </font><font style="font-family: 'Times New Roman';">R$ 6,</font><font style="font-family: 'Times New Roman';">442</font><font style="font-family: 'Times New Roman';"> milion </font><font style="font-family: 'Times New Roman';">as of 0</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">/30/2020)</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,530</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>
</td>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000</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;">Ultragaz</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 272</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>
</td>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 160</font></p>
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<td style="vertical-align: bottom; width: 203.25pt; background-color: #daeef3;">
<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;">&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';">*</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> In million</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';">In accordance with</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">policy conditions.</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 General Liability Insurance program covers the Company </font><font style="font-family: 'Times New Roman';">and its subsidiaries with a maximum aggregate coverage of US$ 400 million</font><font style="font-family: 'Times New Roman';"> (equivalent to R$ </font><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">256</font><font style="font-family: 'Times New Roman';"> million as of </font><font style="font-family: 'Times New Roman';">September</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';"> 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></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 </font><font style="font-family: 'Times New Roman';">maintain</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> liability insurance policies</font><font style="font-family: 'Times New Roman';"> for directors</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and executive officers </font><font style="font-family: 'Times New Roman';">to indemnify </font><font style="font-family: 'Times New Roman';">the members of the Board of Directors</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">fiscal council</font><font style="font-family: 'Times New Roman';">, directors</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">executive officers of Ultrapar and its subsidiaries </font><font style="font-family: 'Times New Roman';">(&#8220;Insured&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the total amount of US$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';">0 million</font><font style="font-family: 'Times New Roman';"> (equivalent to </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">51</font><font style="font-family: 'Times New Roman';"> million as of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">September</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';">, which cover </font><font style="font-family: 'Times New Roman';">any </font><font style="font-family: 'Times New Roman';">of the </font><font style="font-family: 'Times New Roman';">Insured </font><font style="font-family: 'Times New Roman';">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></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, group life and personal accident, health and national and international transportation</font><font style="font-family: 'Times New Roman';">, cyber risks</font><font style="font-family: 'Times New Roman';"> and other insurance policies are also maintained.&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 coverage and limit of the insurance policies are based on a careful study of risks and losses conducted by independent insurance advisors</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';">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.</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';"><br></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'>128</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-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</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-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">c. Area port lease&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';">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; </font><font style="font-family: 'Times New Roman';">located </font><font style="font-family: 'Times New Roman';">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. </font><font style="font-family: 'Times New Roman';">For the port of Cabedelo, the companies Nordeste Log&#237;stica I, Nordeste Log&#237;stica II and Nordeste Log&#237;stica III were </font><font style="font-family: 'Times New Roman';">incorporated, in partnership</font><font style="font-family: 'Times New Roman';"> with Ra&#237;zen Combust&#237;vel S.A. and Petrobr&#225;s Distribuidora S.A. </font><font style="font-family: 'Times New Roman';">For the port of Vit&#243;ria, </font><font style="font-family: 'Times New Roman';">the company </font><font style="font-family: 'Times New Roman';">Navegantes</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';">incorporated, in partnership</font><font style="font-family: 'Times New Roman';"> with Ra&#237;zen</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Combust&#237;vel S.A. and Petrobr&#225;s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Distribuidora</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';">. T</font><font style="font-family: 'Times New Roman';">he total investments regarding IPP&#8217;s stake sums up to R$160 million for a concession term of 25 years.</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 5, 2019, Company, through its subsidiary IPP and </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';">, also won three concessions. IPP won two concessions</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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 BEL04, 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.</font><font style="font-family: 'Times New Roman';"> For the area BEL02</font><font style="font-family: 'Times New Roman';">A</font><font style="font-family: 'Times New Roman';">, Latitude was </font><font style="font-family: 'Times New Roman';">incorporated</font><font style="font-family: 'Times New Roman';">, together with Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Sabb&#225;</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';">. T</font><font style="font-family: 'Times New Roman';">equimar</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">Tequi</font><font style="font-family: 'Times New Roman';">m</font><font style="font-family: 'Times New Roman';">ar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for at least 25 years, according to the auction notice.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For the area VDC12, Tequimar Vila do Conde Log&#237;stica</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Portu&#225;ria S.A. was </font><font style="font-family: 'Times New Roman';">incorporated</font><font style="font-family: 'Times New Roman';"> (see Note 3.</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';">. T</font><font style="font-family: 'Times New Roman';">he estimated investments regarding the participation of IPP and </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> sums up to R$ 450 million, approximately, to be disbursed throughout the next five years</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">including the auction grants and the minimum investment required for these areas.</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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<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>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;"><img src="imgbi1gpbw4q0406323569.jpg" alt="Graphics"><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>
<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;">November </font><font style="font-weight: bold;">4</font><font style="font-weight: bold;">,</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;" class="ng-scope"><font>2020</font></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;<font class="ng-scope">, B<font>3</font></font>: <font class="ng-scope">UGPA<font>3</font></font> / 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 third quarter<font class="ng-scope"> <font>2020</font>.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9.5pt;" class="ng-scope"><br></font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; 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: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Adjusted EBITDA </font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; 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: 'times new roman', times; font-size: 15pt; font-weight: bold;" class="ng-scope"> R$ <font>21</font> </font></p>
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 15pt; font-weight: bold;" class="ng-scope">billion </font></p>
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<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #404040; font-size: 15pt; font-weight: bold;">R$ </font><font style="color: #404040; font-size: 15pt; font-weight: bold;" class="ng-scope"><font>1</font></font><font style="color: #404040; font-size: 15pt; font-weight: bold;">,</font><font style="color: #404040; font-size: 15pt; font-weight: bold;" class="ng-scope"><font>0</font></font><font style="color: #404040; font-size: 15pt; font-weight: bold;" class="ng-scope"><font>38</font></font></font><br><font style="color: #404040; font-family: 'times new roman', times; font-size: 14pt; font-weight: bold;">million</font></p>
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<td style="background-color: #f2f2f2; border-top: 2.25pt dotted #002060 !important; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 149.7pt; height: 63px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 15pt; font-weight: bold;" class="ng-scope"> R$ <font>277</font> </font></p>
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 15pt; font-weight: bold;" class="ng-scope">million </font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 5pt; font-weight: bold;"> &nbsp; </font></p>
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<p style="margin: 0pt 0pt 10pt;"><font style="color: #404040; font-family: 'times new roman', times; 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: 'times new roman', times; 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: 'times new roman', times; 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: 'times new roman', times; font-size: 11pt; font-weight: bold;" class="ng-scope"> Cash flow from operations &#8211; <font>9</font>M<font>20</font> </font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 11pt; font-weight: bold;"> Market cap </font></p>
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<tr style="height: 61px;">
<td style="background-color: #f2f2f2; border-top: 2.25pt dotted #002060 !important; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 149.75pt; height: 61px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #404040; font-size: 14pt; font-weight: bold;">R$</font><font style="color: #404040; font-size: 14pt; font-weight: bold;"> </font><font style="color: #404040; font-size: 14pt; font-weight: bold;" class="ng-scope"><font>313</font></font></font><br><font style="color: #404040; font-family: 'times new roman', times; font-size: 14pt; font-weight: bold;">million</font></p>
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<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #404040; font-size: 14pt; font-weight: bold;">R$ </font><font style="color: #404040; font-size: 14pt; font-weight: bold;" class="ng-scope"><font>2</font></font><font style="color: #404040; font-size: 14pt; font-weight: bold;">.</font><font style="color: #404040; font-size: 14pt; font-weight: bold;" class="ng-scope"><font>6</font></font></font><br><font style="color: #404040; font-family: 'times new roman', times; font-size: 14pt; font-weight: bold;">billion</font></p>
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<td style="background-color: #f2f2f2; border-top: 2.25pt dotted #002060 !important; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 149.7pt; height: 61px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 14pt; font-weight: bold;" class="ng-scope"> R$ <font>21</font> </font></p>
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 14pt; font-weight: bold;" class="ng-scope">billion </font></p>
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<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 11pt; font-weight: bold;"><br></font></p>
<p style="margin: 6pt 0pt 0pt; 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; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 9.5pt; 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="font-style: italic;">In this quarter, </font><font style="font-style: italic;">Ultrapar </font><font style="font-style: italic;">reported</font><font style="font-style: italic;"> </font><font style="font-style: italic;">EBITDA</font><font style="font-style: italic;"> growth both in relation to the third qu</font><font style="font-style: italic;">arter</font><font style="font-style: italic;"> </font><font style="font-style: italic;">of </font><font style="font-style: italic;" class="ng-scope"><font>2019</font> </font><font style="font-style: italic;">and to</font><font style="font-style: italic;"> the second quarter</font><font style="font-style: italic;"> </font><font style="font-style: italic;">of </font><font style="font-style: italic;" class="ng-scope"><font>2020</font>, confirm</font><font style="font-style: italic;">ing our expectations that the worst </font><font style="font-style: italic;">moment </font><font style="font-style: italic;">of the crisis is</font><font style="font-style: italic;"> </font><font style="font-style: italic;">behind</font><font style="font-style: italic;">. </font><font style="font-style: italic;">Our emergency measures and </font><font style="font-style: italic;">quick</font><font style="font-style: italic;"> response to</font><font style="font-style: italic;"> </font><font style="font-style: italic;">the first effects of the crisis, combined with </font><font style="font-style: italic;">initiatives </font><font style="font-style: italic;">taken to support our </font><font style="font-style: italic;">value</font><font style="font-style: italic;"> </font><font style="font-style: italic;">chain</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> proved effective in maintaining our activities operational</font><font style="font-style: italic;">, ensuring the delivery of essential services to the population</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> and preserving the health of our employees</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;">At</font><font style="font-style: italic;"> Ipiranga</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">our </font><font style="font-style: italic;">business </font><font style="font-style: italic;">most affected</font><font style="font-style: italic;"> </font><font style="font-style: italic;">by the pandemic</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">we saw a gradual evolution in sales volumes of fuel </font><font style="font-style: italic;">during</font><font style="font-style: italic;"> the quarter</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">as well as</font><font style="font-style: italic;"> an improvement in </font><font style="font-style: italic;">the </font><font style="font-style: italic;">operating environment</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">which contributed to</font><font style="font-style: italic;"> a significant recovery in</font><font style="font-style: italic;" class="ng-scope"> the results compared to <font>2</font>Q<font>20</font></font><font style="font-style: italic;">. Extrafarma </font><font style="font-style: italic;">was able to reopen store</font><font style="font-style: italic;">s</font><font style="font-style: italic;"> in shopping malls</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> contributing</font><font style="font-style: italic;"> to</font><font style="font-style: italic;"> increase</font><font style="font-style: italic;">d</font><font style="font-style: italic;"> </font><font style="font-style: italic;">revenues</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and dilution of costs</font><font style="font-style: italic;">. Ultragaz </font><font style="font-style: italic;">posted </font><font style="font-style: italic;">a recovery in </font><font style="font-style: italic;">sales</font><font style="font-style: italic;"> volume in the bulk segment</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> driven</font><font style="font-style: italic;"> by</font><font style="font-style: italic;"> the resumption in industrial activities</font><font style="font-style: italic;">, </font><font style="font-style: italic;">while sales to the bottled segment </font><font style="font-style: italic;">remained </font><font style="font-style: italic;">resilient and gradu</font><font style="font-style: italic;">ally</font><font style="font-style: italic;"> reverting to pre-pandemic levels.</font><font style="font-style: italic;"> Oxiteno</font><font style="font-style: italic;"> reported a similar trend</font><font style="font-style: italic;">:</font><font style="font-style: italic;"> </font><font style="font-style: italic;">sales volume recovering for the automotive</font><font style="font-style: italic;"> and</font><font style="font-style: italic;"> </font><font style="font-style: italic;">coating</font><font style="font-style: italic;">s</font><font style="font-style: italic;"> s</font><font style="font-style: italic;">egment</font><font style="font-style: italic;">s</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">while it maintained </font><font style="font-style: italic;">volume</font><font style="font-style: italic;"> growth </font><font style="font-style: italic;">for the h</font><font style="font-style: italic;">om</font><font style="font-style: italic;">e and personal care se</font><font style="font-style: italic;">gment</font><font style="font-style: italic;">. </font><font style="font-style: italic;">Just as in the second quarter</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Ultracargo registered increased</font><font style="font-style: italic;"> product</font><font style="font-style: italic;"> handling and</font><font style="font-style: italic;"> m&#179; </font><font style="font-style: italic;">sold </font><font style="font-style: italic;">compared </font><font style="font-style: italic;">to the previous quarter</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 </font><font style="font-style: italic;">maintained</font><font style="font-style: italic;"> a</font><font style="font-style: italic;"> discipline</font><font style="font-style: italic;">d control</font><font style="font-style: italic;"> over costs and expenses for cash preservation</font><font style="font-style: italic;"> purposes</font><font style="font-style: italic;"> at all our businesses</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> in addition to selectivity in </font><font style="font-style: italic;">capital</font><font style="font-style: italic;"> allocation</font><font style="font-style: italic;">. </font><font style="font-style: italic;" class="ng-scope">With this, we saw <font>one</font> more quarter of strong operating cash generation</font><font style="font-style: italic;"> </font><font style="font-style: italic;">with a reduction in our leverage</font><font style="font-style: italic;">, re</font><font style="font-style: italic;">inforcing our commitment to financial soundness and demonstrating the resilience of our portfolio</font><font style="font-style: italic;">.&nbsp;</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;">A</font><font style="font-style: italic;">s from this quarter</font><font style="font-style: italic;">, </font><font style="font-style: italic;">we are including a</font><font style="font-style: italic;">n update</font><font style="font-style: italic;"> section </font><font style="font-style: italic;">on</font><font style="font-style: italic;"> environmental, social and governance </font><font style="font-style: italic;">(ESG) themes</font><font style="font-style: italic;"> in this </font><font style="font-style: italic;">earning</font><font style="font-style: italic;">s release</font><font style="font-style: italic;"> to</font><font style="font-style: italic;"> shar</font><font style="font-style: italic;">e</font><font style="font-style: italic;"> the progress and </font><font style="font-style: italic;">achievement</font><font style="font-style: italic;">s </font><font style="font-style: italic;">of </font><font style="font-style: italic;">Ultrapar </font><font style="font-style: italic;">and</font><font style="font-style: italic;"> its</font><font style="font-style: italic;"> businesses </font><font style="font-style: italic;">on</font><font style="font-style: italic;"> these t</font><font style="font-style: italic;">opic</font><font style="font-style: italic;">s</font><font style="font-style: italic;">, enhancing transparency and fostering</font><font style="font-style: italic;"> the</font><font style="font-style: italic;"> dialog with our</font><font style="font-style: italic;"> stakeholders.</font><font style="font-style: italic;"> </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="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
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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: 10pt; font-weight: bold;"> Considerations on the financial and operational information </font></p>
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<p style="margin: 8pt 0pt 0pt; break-inside: avoid; text-align: justify; line-height: 1.3;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial information presented in this document has been prepared according to International Financial Reporting Standards (IFRS). 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: 1.3; margin: 6pt 0pt 0pt; break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font class="ng-scope" style="line-height: inherit;">We emphasize that all the financial information shown in this document includes the adoption of the IFRS <font>16</font> norm and the segregation of certain expenses pertaining to the </font>Holding.</font></p>
<p style="font-size: 9pt; line-height: 1.3; margin: 6pt 0pt 0pt; break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">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 are<font class="ng-scope" style="line-height: inherit;"> presented in accordance with Instruction <font>527</font>, 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>:</font></p>
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<td height="20" style="height: 20px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td colspan="5" style="text-align: center; height: 20px; border-bottom: 1pt solid #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;">Quarter</font></font></td>
<td style="text-align: center; height: 20px;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></font></td>
<td colspan="3" style="text-align: center; height: 20px; border-bottom: 1pt solid #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;">Semester</font></font></td>
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<td height="20" style="height: 20px; background-color: #cceeff; width: 49%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;">R$ million</font></font></td>
<td style="height: 20px; background-color: #cceeff; width: 1%;"><font style="font-family: 'times new roman', times;"><font style="font-size: 8pt;">&nbsp;</font></font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000 !important; background-color: #cceeff; width: 9%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;" class="ng-scope"><font>3</font>Q<font>20</font></font></font></td>
<td style="text-align: center; height: 20px; background-color: #cceeff; width: 1%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000 !important; background-color: #cceeff; width: 9%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;" class="ng-scope"><font>3</font>Q<font>19</font></font></font></td>
<td style="text-align: center; height: 20px; background-color: #cceeff; width: 1%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000 !important; background-color: #cceeff; width: 9%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;" class="ng-scope"><font>2</font>Q<font>20</font></font></font></td>
<td style="text-align: center; height: 20px; background-color: #cceeff; width: 1%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000 !important; background-color: #cceeff; width: 9%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;" class="ng-scope"><font>9</font>M<font>20</font></font></font></td>
<td style="text-align: center; height: 20px; background-color: #cceeff; width: 1%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000 !important; background-color: #cceeff; width: 9%;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 8pt;" class="ng-scope"><font>9</font>M<font>19</font></font></font></td>
<td style="text-align: center; background-color: #cceeff; width: 1%; height: 20px;"><br></td>
</tr>
<tr style="height: 20px;">
<td height="20" style="height: 20px;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">Net income</font></font></td>
<td style="height: 20px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>277.3</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>307.3</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>50.0</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>496.2</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>670.6</font></td>
<td style="text-align: right; height: 20px;"><br></td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td height="20" style="height: 19px; background-color: #cceeff; padding-left: 30px;"><font style="font-family: 'times new roman', times;">(+) Income and social contribution taxes</font></td>
<td style="height: 19px; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>163.4</font></td>
<td style="height: 19px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>140.3</font></td>
<td style="height: 19px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>56.2</font></td>
<td style="height: 19px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>356.7</font></td>
<td style="height: 19px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>397.2</font></td>
<td style="text-align: right; background-color: #cceeff; height: 19px;"><br></td>
</tr>
<tr style="height: 20px;">
<td height="20" style="height: 20px; padding-left: 30px;"><font style="font-family: 'times new roman', times;">(+) Financial (income) expenses, net</font></td>
<td style="height: 20px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>157.9</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>163.4</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>80.3</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>405.8</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>254.7</font></td>
<td style="text-align: right; height: 20px;"><br></td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff; padding-left: 30px;"><font style="font-family: 'times new roman', times;">(+) Depreciation and amortization</font></td>
<td style="height: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>323.4</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>272.7</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>313.4</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>940.5</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>842.8</font></td>
<td style="text-align: right; background-color: #cceeff; height: 20px;"><br></td>
</tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">EBITDA</font></font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>921.9</font></font></font></td>
<td style="height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>883.8</font></font></font></td>
<td style="height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>500.0</font></font></font></td>
<td style="height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>2,199.2</font></font></font></td>
<td style="height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>2,165.4</font></font></font></td>
<td style="text-align: right; height: 10px;"><br></td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">Adjustments</font></font></td>
<td style="height: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="text-align: right; background-color: #cceeff; height: 20px;"><br></td>
</tr>
<tr style="height: 34px;">
<td height="20" style="height: 34px; padding-left: 30px;"><font style="font-family: 'times new roman', times;">(+) Amortization of contractual assets with customers - exclusive rights (Ipiranga and Ultragaz)</font></td>
<td style="height: 34px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 34px; text-align: right;" class="ng-scope"><font>73.6</font></td>
<td style="height: 34px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 34px; text-align: right;" class="ng-scope"><font>95.6</font></td>
<td style="height: 34px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 34px; text-align: right;" class="ng-scope"><font>68.0</font></td>
<td style="height: 34px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 34px; text-align: right;" class="ng-scope"><font>224.4</font></td>
<td style="height: 34px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 34px; text-align: right;" class="ng-scope"><font>273.4</font></td>
<td style="text-align: right; height: 34px;"><br></td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff; padding-left: 30px;"><font style="font-family: 'times new roman', times;">(+) Cash flow hedge from bonds</font></td>
<td style="height: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>42.9</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>-</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>43.1</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>105.6</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>-</font></td>
<td style="text-align: right; background-color: #cceeff; height: 20px;"><br></td>
</tr>
<tr style="height: 20px; break-inside: avoid;">
<td height="20" style="height: 20px;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">Adjusted EBITDA</font></font></td>
<td style="height: 20px;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>1,038.3</font></font></font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>979.3</font></font></font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>611.0</font></font></font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>2,529.2</font></font></font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>2,438.8</font></font></font></td>
<td style="text-align: right; height: 20px;"><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-family: 'times new roman', times;"><font style="font-weight: bold;">Non-recurring&nbsp;items</font></font></td>
<td style="height: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="text-align: right; background-color: #cceeff; height: 20px;"><br></td>
</tr>
<tr style="height: 20px;">
<td height="20" style="height: 20px; padding-left: 30px;"><font style="font-family: 'times new roman', times;">(+) TAC in Ultracargo</font></td>
<td style="height: 20px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right;" class="ng-scope"><font>-</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>13.0</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right;" class="ng-scope"><font>-</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right;" class="ng-scope"><font>-</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>65.5</font></td>
<td style="text-align: right; height: 20px;"><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;"><font style="font-family: 'times new roman', times;">(+) Tax credits in Oxiteno</font></td>
<td style="height: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>-</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>-</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>-</font></font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font style="font-family: 'times new roman', times;">(</font><font>70.9</font><font style="font-family: 'times new roman', times;">)</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;" class="ng-scope"><font>-</font></td>
<td style="text-align: right; background-color: #cceeff; height: 20px;"><br></td>
</tr>
<tr style="height: 20px; break-inside: avoid;">
<td height="20" style="height: 20px; padding-left: 30px;"><font style="font-family: 'times new roman', times;">(+) Tax credits in Ultracargo</font></td>
<td style="height: 20px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font>-</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right;" class="ng-scope"><font>-</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right;" class="ng-scope"><font style="font-family: 'times new roman', times;">(</font><font>11.7</font><font style="font-family: 'times new roman', times;">)</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="height: 20px; text-align: right;" class="ng-scope"><font style="font-family: 'times new roman', times;">(</font><font>11.7</font><font style="font-family: 'times new roman', times;">)</font></td>
<td style="height: 20px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="height: 20px; text-align: right;" class="ng-scope"><font>-</font></td>
<td style="text-align: right; height: 20px;"><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-family: 'times new roman', times;"><font style="font-weight: bold;">Adjusted EBITDA&nbsp;ex-non-recurring&nbsp;items</font></font></td>
<td style="height: 20px; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>1,038.3</font></font></font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>992.3</font></font></font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>599.3</font></font></font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>2,446.6</font></font></font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp;</font></font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;" class="ng-scope"><font>2,504.3</font></font></font></td>
<td style="text-align: right; background-color: #cceeff; height: 20px;"><br></td>
</tr>

</table>
</div>
</div>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: center;"><br></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><br></p>
<div>
<div style="border-left: none; border-right: none;">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><br></td>
</tr>

</table>
</div>
<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%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; font-family: 'times new roman'; font-size: 10pt; margin-left: 0.1px;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgshxeik45zv106323569.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom-color: #005da3 !important; border-bottom-style: solid !important; border-bottom-width: 1.5pt !important; padding-right: 1.4pt; 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;"> Ultragaz </font></p>
</td>
</tr>

</table>
<p><br></p>
</div>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="height: 103px; border-collapse: collapse; margin: 0pt 9pt 0pt 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 21.86%; height: 34px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1.5pt solid #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt; text-align: center;"><br></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.6%; height: 34px; border-bottom: 1pt solid #000000; border-top: 2pt solid #000000; border-left: 2pt solid #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>3</font>Q<font>20</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.58%; height: 34px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #1f497d !important; 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;" class="ng-scope"> <font>3</font>Q<font>19</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.6%; height: 34px; 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;" class="ng-scope"> <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 10.96%; 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>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 10.98%; 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>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.15823%; height: 34px; 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;" class="ng-scope"> <font>9</font>M<font>20</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.28177%; height: 34px; 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;" class="ng-scope"> <font>9</font>M<font>19</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 10.96%; height: 17px; border-top: 1pt solid #000000; border-right-width: 1pt; 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;"> &#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; width: 10.96%; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>3</font>Q<font>19</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 10.98%; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 10.96%; height: 17px; border-bottom: 1pt solid #000000; border-right-width: 1pt; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>20</font> v <font>9</font>M<font>19</font> </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 21.86%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important; border-right: 1.5pt solid #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> Total volume (<font>000</font> tons) </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.6%; height: 17px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; border-left: 2pt solid #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>453</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.58%; height: 17px; border-left: 1.5pt solid #1f497d !important; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>458</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.6%; height: 17px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>432</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.96%; height: 17px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> (<font>1</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.98%; height: 17px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>5</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.15823%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>1,307</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.28177%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>1,274</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.96%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important; border-right-width: 1pt; 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;" class="ng-scope"> <font>3</font>% </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 21.86%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important; border-right: 1.5pt solid #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-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: bottom; width: 9.6%; height: 17px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; border-left: 2pt solid #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>309</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.58%; height: 17px; border-left: 1.5pt solid #1f497d !important; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>315</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.6%; height: 17px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>313</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.96%; height: 17px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> (<font>2</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.98%; height: 17px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> (<font>1</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.15823%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>909</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.28177%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>874</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.96%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important; border-right-width: 1pt; 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;" class="ng-scope"> <font>4</font>% </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 21.86%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important; border-right: 1.5pt solid #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-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>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.6%; height: 17px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; border-left: 2pt solid #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>144</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.58%; height: 17px; border-left: 1.5pt solid #1f497d !important; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>143</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.6%; height: 17px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>120</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.96%; height: 17px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>1</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.98%; height: 17px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>20</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.15823%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>398</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.28177%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>400</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.96%; height: 17px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important; border-right-width: 1pt; 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;" class="ng-scope"> (<font>1</font>%) </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 21.86%; height: 18px; border-top: 0.25pt solid #1f497d !important; border-bottom: 1pt solid #000000; border-left: 2pt solid #000000; border-right-width: 2pt; border-right-style: solid; border-right-color: #000000; border-right: 1.5pt solid #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> EBITDA (R$ million) </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.6%; height: 18px; border-top: 1pt solid #000000; border-bottom: 2pt solid #000000; border-left: 1pt solid #000000; border-right-width: 1pt; 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;" class="ng-scope"> <font>222</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.58%; height: 18px; border-left: 1.5pt solid #1f497d !important; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>187</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.6%; height: 18px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>206</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.96%; height: 18px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>18</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.98%; height: 18px; border-top: 0.25pt solid #1f497d !important; 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;" class="ng-scope"> <font>8</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.15823%; height: 18px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>575</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.28177%; height: 18px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>419</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.96%; height: 18px; border-bottom: 1pt solid #000000; border-top: 0.25pt solid #1f497d !important; border-right-width: 1pt; 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;" class="ng-scope"> <font>37</font>% </font></p>
</td>
</tr>

</table>
</div>
<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;"><br></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: 10pt; font-weight: bold;">Operational performance</font><font style="font-size: 10pt;"><font style="color: #051272; font-weight: bold;"> &#8211;</font> Sales volume at Ultragaz in <font class="ng-scope"><font>3</font>Q<font>20</font></font> fell by<font class="ng-scope"> <font>1</font>% </font>compared to <font class="ng-scope"><font>3</font>Q<font>19</font></font>, mainly due to the reduction of<font class="ng-scope"> <font>2</font>% </font>in sales to the bottled segment, reflecting lower sales volume to the Southeast region. In the bulk segment, volumes were up by <font class="ng-scope"><font>1</font>%</font>, driven largely by the increase in sales to industries and special gases (propellant), although partially offset by lower demand from commercial and service segments in connection with the pandemic. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, sales volume grew by <font class="ng-scope"><font>5</font>%, </font>due to the sales recovery in the bulk segment.&nbsp;</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 <font class="ng-scope">R$ <font>1</font></font>,<font class="ng-scope"><font>955</font> </font>million<font class="ng-scope"> (+<font>3</font>%), </font>mainly due to LPG costs readjustments by Petrobras. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, net revenues <font class="ng-scope">grew <font>13</font>% </font>for the same reason mentioned above and due to increased 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;">Cost of goods sold</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of<font class="ng-scope"> R$ <font>1</font></font>,<font class="ng-scope"><font>637</font> </font>million<font class="ng-scope"> (+<font>2</font>%), </font>largely due to price readjustments of LPG by Petrobras and increases in freight costs, despite lower sales volume, due to the need to source LPG from more distant supply bases. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, cost of goods sold increased by <font class="ng-scope"><font>13</font></font>%, driven by LPG price readjustments and greater 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;">Sales, general and administrative expenses</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of<font class="ng-scope"> R$ <font>159</font> </font>million, stable compared to <font class="ng-scope"><font>3</font>Q<font>19</font></font>. There was an increase in variable compensation, in line with the earnings progression, and in consultancies for operational efficiency gains. However, these factors were compensated by initiatives implemented for controlling expenses and effects of the pandemic. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, sales, general and administrative expenses grew by <font class="ng-scope"><font>16</font>%, </font>reflecting seasonal increases in freight expenditures, higher provisioning for variable compensation and increased expenses with consultancies. </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<font class="ng-scope"> R$ <font>222</font> </font>million<font class="ng-scope"> (+<font>18</font>%), </font>a record quarterly result for Ultragaz, mainly due to the better sales mix and improved operational efficiency. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, there was an increase of<font class="ng-scope"> <font>8</font>%</font>, due to stronger sales volume, partially offset by higher 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<font class="ng-scope"> R$ <font>68</font> </font>million, allocated largely to the replacement and acquisition of gas bottles, in the setting up of new clients in the bulk segment and operational safety.</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'>130</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%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgvhivuy42fuf06323569.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0pt 0pt 10pt;"><br></p>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 27px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 27px;">
<td style="padding: 0px; vertical-align: top; width: 100%; height: 27px; border-bottom: 1.5pt solid #e86a1e !important;">
<p style="line-height: 14pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;"> Ultracargo </font></p>
</td>
</tr>

</table>
<p><br></p>
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<div style="border-left: none; border-right: none;">
<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%; float: left; height: 100px;" width="100%">

<tr style="height: 21px;">
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 28.92%; height: 31px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><br></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.5%; height: 31px; border-width: 2pt 2pt 1pt; 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;" class="ng-scope"> <font>3</font>Q<font>20</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; height: 31px; 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;" class="ng-scope"> <font>3</font>Q<font>19</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; height: 31px; 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;" class="ng-scope"> <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; height: 21px; 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>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; height: 21px; 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>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; height: 31px; border-top: 1pt solid #000000; border-bottom: 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;" class="ng-scope"> <font>9</font>M<font>20</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; height: 31px; border-top: 1pt solid #000000; border-bottom: 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;" class="ng-scope"> <font>9</font>M<font>19</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.88%; height: 21px; border-top: 1pt solid #000000; border-right-width: 1pt; 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;"> &#916; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; height: 10px; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>3</font>Q<font>19</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; height: 10px; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.88%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>20</font> v <font>9</font>M<font>19</font> </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 28.92%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> Installed capacity&#185; (<font>000</font> m&#179;) </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.5%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>838</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; 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;" class="ng-scope"> <font>753</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; 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;" class="ng-scope"> <font>832</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; 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;" class="ng-scope"> <font>11</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; 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;" class="ng-scope"> <font>1</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; 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;" class="ng-scope"> <font>831</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; 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;" class="ng-scope"> <font>717</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.88%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> <font>16</font>% </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 28.92%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> m&#179; sold (<font>000</font> m&#179;) </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.5%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>3,062</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.32%; 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;" class="ng-scope"> <font>2,676</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.32%; 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;" class="ng-scope"> <font>2,963</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.1%; 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;" class="ng-scope"> <font>14</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.1%; 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;" class="ng-scope"> <font>3</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 6.92%; 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;" class="ng-scope"> <font>9,174</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 6.94%; 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;" class="ng-scope"> <font>7,819</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.88%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> <font>17</font>% </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 28.92%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> EBITDA ex-non-recurring items&#178; (R$ million) </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.5%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>78</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; 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;" class="ng-scope"> <font>58</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; 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;" class="ng-scope"> <font>80</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; 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;" class="ng-scope"> <font>35</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; 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;" class="ng-scope"> (<font>2</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; 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;" class="ng-scope"> <font>249</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; 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;" class="ng-scope"> <font>177</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.88%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> <font>41</font>% </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 28.92%; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> EBITDA (R$ million) </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.5%; height: 18px; border-bottom: 2pt solid #000000; border-left: 2pt solid #000000; border-right: 2pt 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;" class="ng-scope"> <font>78</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; 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;" class="ng-scope"> <font>45</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; 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;" class="ng-scope"> <font>92</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; 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;" class="ng-scope"> <font>74</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; 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;" class="ng-scope"> (<font>14</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; 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;" class="ng-scope"> <font>261</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; 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;" class="ng-scope"> <font>111</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.88%; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> <font>134</font>% </font></p>
</td>
</tr>

</table>
</div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 4.67pt; font-style: italic; vertical-align: super;">&nbsp;</font></font><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 4.67pt; font-style: italic; vertical-align: super;" class="ng-scope"><font style="border-left: none; border-right: none;">1</font></font><font style="color: #262626; font-size: 7pt; font-style: italic;">Monthly 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 the effect of the TAC in</font><font style="color: #262626; font-size: 7pt; font-style: italic;" class="ng-scope"> <font>2</font></font><font style="color: #262626; font-size: 7pt; font-style: italic;">Q</font><font style="color: #262626; font-size: 7pt; font-style: italic;" class="ng-scope"><font>19</font> </font><font style="color: #262626; font-size: 7pt; font-style: italic;">and</font><font style="color: #262626; font-size: 7pt; font-style: italic;"> </font><font style="color: #262626; font-size: 7pt; font-style: italic;" class="ng-scope"><font>3</font>Q<font>19</font></font><font style="color: #262626; font-size: 7pt; font-style: italic;"> </font><font style="color: #262626; font-size: 7pt; font-style: italic;">and tax </font><font style="color: #262626; font-size: 7pt; font-style: italic;">c</font><font style="color: #262626; font-size: 7pt; font-style: italic;">redits in</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;" class="ng-scope"><font>2</font>Q<font>20</font></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #262626; font-family: 'times new roman', times; 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 installed capacity increased<font class="ng-scope"> <font>1</font></font><font class="ng-scope"><font>1</font></font>% compared to <font class="ng-scope"><font>3</font>Q<font>19</font></font>, due to the expanded tankage capacity at the terminals in Santos and Itaqui <font class="ng-scope">over the last <font>twelve</font> months</font>. Consequently, m&#179; sold grew by<font class="ng-scope"> <font>14</font>%</font>, with greater fuel handling operations and a higher number of spot operations. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, there was a <font class="ng-scope"><font>3</font></font>% increase in m&#179; sold, mainly due to greater fuel handling activities at the terminals in Itaqui and Suape.</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<font class="ng-scope"> R$ <font>160</font> </font>million in <font class="ng-scope"><font>3</font>Q<font>20</font></font><font class="ng-scope"> (+<font>18</font>%), </font>driven by increased fuel handling, contractual readjustments, new agreements and spot operations. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, net revenues were up<font class="ng-scope"> <font>3</font>%</font>, due to increased fuel handling at the Itaqui and Suape terminals, partially offset by reduced sales at the Aratu terminal. </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<font class="ng-scope"> R$ <font>68</font> </font>million<font class="ng-scope"> (-<font>1</font>%)</font>, due to lower maintenance and payroll costs, attenuated by increased costs with insurance policies, which have also increased in scope. The cost of services provided per m&#179; sold posted a reduction of<font class="ng-scope"> <font>1</font></font><font class="ng-scope"><font>3</font></font>%, an even greater improvement in productivity than that recorded in the last quarter. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, the cost of services provided was up by<font class="ng-scope"> <font>4</font>%</font>, mainly due to higher expenditure with insurance policies and indemnities, but in line when related to m&#179; sold. </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<font class="ng-scope"> R$ <font>35</font> </font>million<font class="ng-scope"> (+<font>9</font>%), </font>due to increased payroll expenses and to information systems for reinforcing Ultracargo&#8217;s technological platform. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, the increase was<font class="ng-scope"> <font>22</font>%</font>, a result of higher expenses with information systems, payroll and consultancy. </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 operating results</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> An improvement of<font class="ng-scope"> R$ <font>9</font></font> million <font class="ng-scope">compared to <font>3</font>Q<font>19</font></font>, mainly due to<font class="ng-scope"> the additional amount of R$ <font>13</font> million complementary to the Conduct Adjustment Agreement</font> (&#8220;TAC&#8221;) booked in <font class="ng-scope"><font>3</font>Q<font>19</font></font>. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, there was a decrease of<font class="ng-scope"> R$ <font>11</font> </font>million, due to non-recurring PIS/Cofins tax credits reported in the previous 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<font class="ng-scope"> R$ <font>78</font> </font>million. Excluding the effect of the TAC in <font class="ng-scope"><font>3</font>Q<font>19</font></font>, Ultracargo posted an increase of<font class="ng-scope"> <font>35</font>%</font>, as a result of increased handling of products enabled by the expanded capacity and to efficiency gains at the terminals, as well as contractual readjustments and improved productivity. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, excluding the non-recurring effect of the PIS/Cofins tax credits, EBITDA was<font class="ng-scope"> <font>2</font>%</font> lower, mainly due to an increase in expenses. </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 period of<font class="ng-scope"> R$ <font>70</font> </font>million, mainly allocated to the beginning of the construction of the new Vila do Conde terminal (state of Par&#225;), the acquisition of land in Santos and expansion at the Itaqui terminal.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><br></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'>131</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: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgyht1cs5elum06323569.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;"> Oxiteno </font></p>
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<p><br></p>
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<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 30.6%; border-bottom: 1pt solid #000000; height: 34px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><br></p>
</td>
<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px; border-left: 2pt solid #000000; border-right: 2pt solid #000000; vertical-align: middle; border-top-width: 2pt; 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;" class="ng-scope"> <font>3</font>Q<font>20</font> </font></p>
</td>
<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; border-bottom: 1pt solid #000000; height: 34px; 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;" class="ng-scope"> <font>3</font>Q<font>19</font> </font></p>
</td>
<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 34px; 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;" class="ng-scope"> <font>2</font>Q<font>20</font> </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; 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="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; 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="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.42%; border-bottom: 1pt solid #000000; height: 34px; 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;" class="ng-scope"> <font>9</font>M<font>20</font> </font></p>
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<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 34px; 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;" class="ng-scope"> <font>9</font>M<font>19</font> </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; height: 17px; border-top: 1pt solid #000000; border-right-width: 1pt; 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;"> &#916; </font></p>
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<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>3</font>Q<font>19</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>20</font> v <font>9</font>M<font>19</font> </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 30.6%; border-bottom: 1pt solid #000000; height: 18px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Average exchange rate (R$/US$) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px; border-left: 2pt solid #000000; border-right: 2pt solid #000000; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>5.38</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>3.97</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>5.39</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>35</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>0</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.42%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>5.08</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>3.89</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; border-bottom: 1pt solid #000000; height: 18px; border-right-width: 1pt; 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;" class="ng-scope"> <font>31</font>% </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 30.6%; border-bottom: 1pt solid #000000; height: 18px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> Total volume (<font>000</font> tons) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px; border-left: 2pt solid #000000; border-right: 2pt solid #000000; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>202</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>195</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>166</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>4</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>22</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.42%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>549</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>559</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; border-bottom: 1pt solid #000000; height: 18px; border-right-width: 1pt; 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;" class="ng-scope"> (<font>2</font>%) </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 30.6%; border-bottom: 1pt solid #000000; height: 18px; border-left-width: 1pt; border-left-style: solid; border-left-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="padding-left: 5.4pt; padding-right: 5.4pt; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px; border-left: 2pt solid #000000; border-right: 2pt solid #000000; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>37</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>42</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>28</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>13</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>33</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.42%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>97</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>112</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; border-bottom: 1pt solid #000000; height: 18px; border-right-width: 1pt; 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;" class="ng-scope"> (<font>14</font>%) </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 30.6%; border-bottom: 1pt solid #000000; height: 18px; border-left-width: 1pt; border-left-style: solid; border-left-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/others </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px; border-left: 2pt solid #000000; border-right: 2pt solid #000000; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>166</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>153</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>139</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>8</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>19</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.42%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>453</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>447</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; border-bottom: 1pt solid #000000; height: 18px; border-right-width: 1pt; 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;" class="ng-scope"> <font>1</font>% </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 30.6%; border-bottom: 1pt solid #000000; height: 18px; border-left-width: 1pt; border-left-style: solid; border-left-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="padding-left: 5.4pt; padding-right: 5.4pt; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px; border-left: 2pt solid #000000; border-right: 2pt solid #000000; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>143</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>147</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>111</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>3</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>29</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.42%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>381</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>403</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; border-bottom: 1pt solid #000000; height: 18px; border-right-width: 1pt; 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;" class="ng-scope"> (<font>5</font>%) </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 30.6%; border-bottom: 1pt solid #000000; height: 18px; border-left-width: 1pt; border-left-style: solid; border-left-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="padding-left: 5.4pt; padding-right: 5.4pt; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px; border-left: 2pt solid #000000; border-right: 2pt solid #000000; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>60</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>49</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>56</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>23</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>7</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.42%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>169</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>156</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; border-bottom: 1pt solid #000000; height: 18px; border-right-width: 1pt; 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;" class="ng-scope"> <font>8</font>% </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 30.6%; border-bottom: 1pt solid #000000; height: 17px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> EBITDA ex-non-recurring&#185; (R$ million) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px; border-left: 2pt solid #000000; border-right: 2pt solid #000000; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>169</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>80</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>162</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>110</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>5</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.42%; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>452</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>165</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; border-bottom: 1pt solid #000000; height: 17px; border-right-width: 1pt; 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;" class="ng-scope"> <font>174</font>% </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 30.6%; border-bottom: 1pt solid #000000; height: 18px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> EBITDA (R$ million) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 6.94%; border-bottom: 2pt solid #000000; height: 18px; border-left: 2pt solid #000000; border-right: 2pt solid #000000; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>169</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.92%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>80</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>162</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.1%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>110</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>5</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.42%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>523</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.94%; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>165</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.04%; border-bottom: 1pt solid #000000; height: 18px; border-right-width: 1pt; 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;" class="ng-scope"> <font>217</font>% </font></p>
</td>
</tr>

</table>
</div>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><br></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;" class="ng-scope"><font>1</font></font><font style="font-size: 7pt; font-style: italic;">Q20</font></font><br></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;"><br></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;">Operational performance</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Specialty chemicals volume grew <font class="ng-scope"><font>8</font></font>% compared to <font class="ng-scope"><font>3</font>Q<font>19</font></font>, boosted by robust sales in the home and personal care segment in the domestic market, a trend seen since <font class="ng-scope"><font>2</font>Q<font>20</font></font>, by an increase of sales from the United States plant <font class="ng-scope">(+<font>41</font>%) </font>and by higher exports. Commodity volumes decreased<font class="ng-scope"> <font>13</font>%</font>, due to lower market demand. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, total volume rose by <font class="ng-scope"><font>22</font>%,</font> mainly following a recovery of sales in the automotive fluids and coatings segments.&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<font class="ng-scope"> R$ <font>1</font></font>,<font class="ng-scope"><font>4</font></font><font class="ng-scope"><font>25</font></font> million (+<font class="ng-scope"><font>27</font></font>%), due to an average devaluation of <font class="ng-scope"><font>35</font></font>% of the Real <font class="ng-scope">(R$ <font>1</font></font>.<font class="ng-scope"><font>4</font></font><font class="ng-scope"><font>1</font></font>/US$) and an increase in sales volume, offset by the reduction of <font class="ng-scope"><font>7</font></font>% in average prices in dollars. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, net revenues increased by <font class="ng-scope"><font>19</font>%, </font>as a result of greater sales volume and despite the reduction <font class="ng-scope">of <font>3</font>% </font>in average prices in dollars.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Cost of goods sold</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ <font class="ng-scope"><font>1</font></font>,<font class="ng-scope"><font>152</font> </font>million (+<font class="ng-scope"><font>27</font></font>%), due to an average devaluation of <font class="ng-scope"><font>3</font></font><font class="ng-scope"><font>5</font></font>% of the Real<font class="ng-scope"> (R$ <font>1</font></font>.<font class="ng-scope"><font>4</font></font><font class="ng-scope"><font>1</font></font>/US$) and increased sales volume, partially offset by the reduction of<font class="ng-scope"> <font>10</font>% </font>in the cost of goods sold in dollars per ton. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, the cost of goods sold was up by<font class="ng-scope"> <font>18</font>%, </font>a result of higher sales volume, partially offset by the reduction of<font class="ng-scope"> <font>3</font>% </font>in the cost of goods sold in dollars per ton.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Sales, general and administrative expenses</font><font style="color: #051272; font-weight: bold;"> </font><font style="color: #051272; font-weight: bold;">&#8211;</font> Total of R$ <font class="ng-scope"><font>21</font></font><font class="ng-scope"><font>9</font> </font>million (+<font class="ng-scope"><font>20</font></font>%), due to the foreign exchange translation effect of the international units, besides increased freight expenses (due to greater sales volume, exports and storage) and variable compensation, in line with the earnings progression. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, sales, general and administrative expenses were up by <font class="ng-scope"><font>22</font></font>%, for the same reasons described previously, in addition to the effects of the initiatives to contain expenses <font class="ng-scope">adopted in the second quarter <font>2020</font></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;">EBITDA &#8211; </font>Total of<font class="ng-scope"> R$ <font>16</font></font><font class="ng-scope"><font>9</font></font> million (+<font class="ng-scope"><font>110</font></font>%), in light of increased sales volume, the ramp up of the plant in the United States and the <font class="ng-scope"><font>35</font></font>% devaluation of the average Real <font class="ng-scope">(R$ <font>1.41</font>/US$)</font>, partially offset by the increase in expenses. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, EBITDA<font class="ng-scope"> was <font>5</font></font>% higher, due to greater sales volume, despite the lower unitary margin in dollars per ton.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Investments</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Investments in the period were R$ <font class="ng-scope"><font>39</font></font> million, mainly spent in maintenance CAPEX, operational continuity and safety at the manufacturing units.</font></p>
<p style="font-size: 9.5pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; 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'>132</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: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgrfh5oi1dyea06323569.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><br></p>
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<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.84%; height: 34px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><br></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.74%; height: 34px; border-width: 2pt 2pt 1pt 2pt; border-color: #000000; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; height: 34px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>3</font>Q<font>19</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; height: 34px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>2</font>Q<font>20</font> </font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; 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; width: 11.14%; 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>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; height: 34px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>9</font>M<font>20</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.36%; height: 34px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>9</font>M<font>19</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.78%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-right-width: 1pt; 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;"> &#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; width: 11.12%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>3</font>Q<font>19</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.14%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.78%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>20</font> v <font>9</font>M<font>19</font> </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.84%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> Total volume (<font>000</font> m&#179;) </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.74%; height: 17px; border-width: 1pt 2pt 1pt 2pt; border-color: #000000; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>5,530</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>6,185</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>4,626</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> (<font>11</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.14%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>20</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>15,646</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.36%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>17,382</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.78%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> (<font>10</font>%) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.84%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Diesel </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.74%; height: 17px; border-width: 1pt 2pt 1pt 2pt; border-color: #000000; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>2,999</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>3,167</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>2,582</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> (<font>5</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.14%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>16</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>8,303</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.36%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>8,628</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.78%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> (<font>4</font>%) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.84%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>Otto</font> cycle </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.74%; height: 17px; border-width: 1pt 2pt 1pt 2pt; border-color: #000000; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>2,421</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>2,903</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>1,958</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> (<font>17</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.14%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>24</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>7,048</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.36%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>8,434</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.78%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> (<font>16</font>%) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.84%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Others&#185; </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.74%; height: 17px; border-width: 1pt 2pt 1pt 2pt; border-color: #000000; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>110</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>115</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>86</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> (<font>5</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.14%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>28</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>295</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.36%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>319</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.78%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> (<font>8</font>%) </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.84%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> EBITDA (R$ million) </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.74%; height: 18px; border-width: 1pt 2pt 2pt 2pt; border-color: #000000; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>566</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>679</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>179</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.12%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> (<font>17</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.14%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>217</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>1,224</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.36%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>1,787</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.78%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> (<font>31</font>%) </font></p>
</td>
</tr>

</table>
</div>
<p style="margin: 0pt;"><br></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;">Fuel oils</font><font style="font-size: 7pt; font-style: italic;" class="ng-scope">, arla <font>32</font>, </font><font style="font-size: 7pt; font-style: italic;">kerosene, lubricants and greases</font></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;"><br></font></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;">Operational performance</font><font style="color: #051272; font-weight: bold;"> &#8211; </font>Ipiranga reported a reduction of<font class="ng-scope"> <font>11</font>% </font>in sales volume in relation to <font class="ng-scope"><font>3</font>Q<font>19</font></font>, due to the major impact of the pandemic on fuel consumption in Brazil since the end of March<font class="ng-scope">. <font>Otto</font></font> cycle was the most affected segment and registered a<font class="ng-scope"> <font>17</font>%</font> reduction in volume in the quarter, while diesel volume was down by<font class="ng-scope"> <font>5</font>%. </font>Despite the decrease compared to the previous year, Ipiranga posted a<font class="ng-scope"> <font>20</font>% </font>improvement in volumes compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, with <font class="ng-scope">the <font>Otto</font> cycle recovering by</font><font class="ng-scope"> <font>24</font>%</font> and diesel by <font class="ng-scope"><font>16</font>%</font>, thanks to a gradual improvement in demand over the months. </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;">Net revenues</font><font style="color: #051272; font-weight: bold;"> &#8211;</font><font style="font-weight: bold;"> </font>Total of<font class="ng-scope"> R$ <font>16</font></font>,<font class="ng-scope"><font>767</font> </font>million<font class="ng-scope"> (-<font>14</font>%), </font>mainly due to lower sales volume. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, net revenues grew by<font class="ng-scope"> <font>36</font>%</font>, reflecting the gradual recovery in volume and price readjustments by Petrobras. </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;">Cost of goods sold</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of<font class="ng-scope"> R$ <font>15</font></font>,<font class="ng-scope"><font>956</font> </font>million<font class="ng-scope"> (-<font>15</font>%), </font>largely due to lower sales volume. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, there was an increase of<font class="ng-scope"> <font>33</font>%, </font>due to the increase in sales volume and the price readjustments by Petrobras. </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;">Sales, general and administrative expenses</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of<font class="ng-scope"> R$ <font>40</font></font><font class="ng-scope"><font>7</font></font> million<font class="ng-scope"> (-<font>1</font></font><font class="ng-scope"><font>2</font></font>%), mainly reflecting the reduction in expenses with payroll, freight (lower sales volume) and the reversal of provisions for doubtful accounts. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, there was an increase of<font class="ng-scope"> <font>1</font></font><font class="ng-scope"><font>2</font></font>% in sales, general and administrative expenses, due to higher freight expenses (greater sales volumes) and the recovery of recurring levels for some of the expenses reduced in the previous quarter.</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;">O</font><font style="color: #051272; font-weight: bold;">ther operating results</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of a negative R$ <font class="ng-scope"><font>46</font></font> million, a reduction of R$ <font class="ng-scope"><font>91</font></font> million compared to the same period of<font class="ng-scope"> <font>2019</font></font>, due to the cost relative to the RenovaBio program of R$ <font class="ng-scope"><font>66</font></font> million in <font class="ng-scope"><font>3</font>Q<font>20</font></font> and non-recurring PIS/Cofins tax credits of<font class="ng-scope"> R$ <font>32</font> </font>million in <font class="ng-scope"><font>3</font>Q<font>19</font></font>. </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;">Disposal of property</font><font style="color: #051272; font-weight: bold;"> &#8211;</font><font style="color: #ff0000;"> </font>Total of<font class="ng-scope"> R$ <font>13</font> </font>million, due to the sale of real estate properties in the period. </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;">EBITDA &#8211;</font> Total of<font class="ng-scope"> R$ <font>5</font></font><font class="ng-scope"><font>6</font></font><font class="ng-scope"><font>6</font></font> million<font class="ng-scope"> (-<font>1</font></font><font class="ng-scope"><font>7</font></font>%), in light of lower sales volume and other operating results, partially offset by the reduction in expenses. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, there was an increase of<font class="ng-scope"> <font>2</font></font><font class="ng-scope"><font>17</font></font>%, driven by a gradual recovery in volume and an improvement in margins. </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> Ipiranga invested<font class="ng-scope"> R$ <font>109</font> </font>million in the expansion and maintenance of the service stations and franchise networks and in the company&#8217;s logistics infrastructure. Out of the total investments<font class="ng-scope">, R$ <font>36</font> </font>million was expended on plant, property and equipment and additions to intangible assets<font class="ng-scope">, R$ <font>60</font> </font>million on contractual assets with clients (exclusivity rights) and <font class="ng-scope">R$ <font>13</font> </font>million in the form of drawdowns of financing to clients and advanced payments of rentals, net of receipts. Ipiranga ended <font class="ng-scope"><font>3</font>Q<font>20</font></font> with<font class="ng-scope"> <font>7</font></font>,<font class="ng-scope"><font>107</font> </font>service stations, practically in line with the number in <font class="ng-scope"><font>2</font>Q<font>20</font></font>. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Am</font><font style="color: #051272; font-weight: bold;">P</font><font style="color: #051272; font-weight: bold;">m </font><font style="color: #051272; font-weight: bold;">&#8211;</font> As from <font class="ng-scope"><font>2019</font>, a</font> comprehensive project for reviewing the AmPm&#8217;s business and management model has begun. The first stage involved the revision of the physical store with a new layout to provide the consumer with a more fluid and intuitive experience and a larger area for consuming products instore, in an even more pleasant ambience. In addition, AmPm created a digital section in the Abastece A&#237; application, as well as proprietary solutions via WhatsApp and QR Code and developed partnerships with the leading delivery platforms. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The second stage of the project involved the revision of brand positioning, exploring proximity marketing concepts and new habits of consumption, combined with a review of the product mix, expanding the offer of food service (bakeries and ready-to-eat meals), groceries and home and personal care products. </font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Early findings of this new model have been promising, with higher sales and better margins. To ensure the feasibility of implementing the rollout of the new model, a careful revision of those stores remaining under the AmPm brand name has been undertaken based on aspects as size, location and profitability. Under this revision AmPm identified<font class="ng-scope"> <font>48</font></font><font class="ng-scope"><font>6</font></font> stores not suitable to the new business model. In addition, <font class="ng-scope"><font>81</font> stores ceased its activities during </font>the pandemic. Therefore, the AmPm network ended <font class="ng-scope"><font>3</font>Q<font>20</font></font> with <font class="ng-scope"><font>1</font></font>,<font class="ng-scope"><font>778</font> </font>unit</font><font style="font-size: 9pt;"><font style="font-size: 10pt;">s.</font> </font></font><br></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="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></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;"> Extrafarma </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;" class="ng-scope"> <font>3</font>Q<font>20</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;" class="ng-scope"> <font>3</font>Q<font>19</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;" class="ng-scope"> <font>2</font>Q<font>20</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;"> &#916; </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.02%; 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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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>20</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;" class="ng-scope"> <font>9</font>M<font>19</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;"> &#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: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>3</font>Q<font>19</font> </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.02%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>2</font>Q<font>20</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: 7pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>20</font> v <font>9</font>M<font>19</font> </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25.76%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Drugstores (end of period)</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;" class="ng-scope"> <font>408</font> </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.16%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>423</font> </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.88%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>410</font> </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.4%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> (<font>4</font>%) </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.02%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>0</font>% </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.28%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>408</font> </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.88%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>423</font> </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.86%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> (<font>4</font>%) </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25.76%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> % mature stores (+<font>3</font> years) </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 7.76%; height: 17px; border-width: 1pt 2pt 1pt 2pt; border-color: #000000; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>68</font>% </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.16%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>51</font>% </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.88%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>62</font>% </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.4%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>16.6</font> p.p. </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.02%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>5.2</font> p.p. </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.28%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>68</font>% </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.88%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>51</font>% </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.86%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> <font>16.6</font> p.p. </font></p>
</td>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25.76%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Gross revenues (R$ million) </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 7.76%; height: 17px; border-width: 1pt 2pt 1pt 2pt; border-color: #000000; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>523</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.16%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>541</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.88%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>515</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.4%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> (<font>3</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.02%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>2</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.28%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>1,558</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.88%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>1,646</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.86%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> (<font>5</font>%) </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25.76%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> EBITDA (R$ million) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 7.76%; height: 17px; border-width: 1pt 2pt 2pt 2pt; border-color: #000000; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>28</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.16%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>18</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.88%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>14</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.4%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>52</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.02%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>103</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.28%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>50</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.88%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; 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;" class="ng-scope"> <font>38</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 11.86%; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; 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;" class="ng-scope"> <font>34</font>% </font></p>
</td>
</tr>

</table>
</div>
<p style="margin: 0pt; text-align: justify;"><br></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;"><br></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;"><br></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;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 9pt; font-weight: bold;">&nbsp;</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;">Operational performance</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Extrafarma ended <font class="ng-scope"><font>3</font>Q<font>20</font></font> with<font class="ng-scope"> <font>4</font></font><font class="ng-scope"><font>08</font></font> stores, <font class="ng-scope"><font>8</font></font> store openings and <font class="ng-scope"><font>23</font></font> closures in the past <font class="ng-scope"><font>twelve</font></font> months, a reduction of <font class="ng-scope"><font>4</font></font>% in its network, and the result of greater selectivity in expansion and a more rigorous approach to underperforming stores. Over the course of <font class="ng-scope"><font>3</font>Q<font>20</font></font>, the stores located in shopping malls resumed operations, although with limitations on opening hours and with customer flow still below pre-pandemic levels. At the end of <font class="ng-scope"><font>3</font>Q<font>20</font></font>, stores still ramping-up (<font class="ng-scope">with up to <font>three</font> years of operations</font>) represented<font class="ng-scope"> <font>3</font></font><font class="ng-scope"><font>2</font></font>% 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<font class="ng-scope"> R$ <font>5</font></font><font class="ng-scope"><font>23</font></font> million (-<font class="ng-scope"><font>3</font></font>%), due to the lower number of stores (-<font class="ng-scope"><font>4</font></font>%) and reduced customer flow in stores based in shopping malls, attenuated by higher same-store-sales excluding stores located in malls (+<font class="ng-scope"><font>3</font></font>%), driven by the annual readjustment in medicine prices and by expanded sales through digital channels. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, gross revenues registered a growth of<font class="ng-scope"> <font>2</font>%, </font>due to the gradual resumption of mall-based store operations during 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;">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<font class="ng-scope"> R$ <font>34</font></font><font class="ng-scope"><font>5</font></font> million (-<font class="ng-scope"><font>5</font></font>%) due to lower sales. Gross profit reached<font class="ng-scope"> R$ <font>14</font></font><font class="ng-scope"><font>7</font></font> million (-<font class="ng-scope"><font>2</font></font>%), equivalent to a gross margin of<font class="ng-scope"> <font>2</font></font><font class="ng-scope"><font>8</font></font>.<font class="ng-scope"><font>2</font></font><font class="ng-scope">%, <font>0</font></font>.<font class="ng-scope"><font>3</font></font> p.p. higher than <font class="ng-scope"><font>3</font>Q<font>19</font></font>, mainly due to the improvement in retail margins, helped by the postponement of the annual readjustment in medicine prices from April to June, and the lower share of sales in the wholesale segment, where margins are lower. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, the cost of goods sold increased by<font class="ng-scope"> <font>1</font>%, </font>reflecting the recovery in sales, while gross profit rose by<font class="ng-scope"> <font>4</font>%, </font>mainly due to the annual readjustment in medicine prices. </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 administra</font><font style="color: #051272; font-weight: bold;">ti</font><font style="color: #051272; font-weight: bold;">ve expenses</font><font style="color: #051272; font-weight: bold;"> </font><font style="color: #051272; font-weight: bold;">&#8211;</font> Total of<font class="ng-scope"> R$ <font>1</font></font><font class="ng-scope"><font>59</font></font> million (-<font class="ng-scope"><font>1</font></font><font class="ng-scope"><font>4</font></font>%) due to the lower number of stores, expense reduction initiatives, productivity gains and logistics optimization. Compared to the preceding quarter, sales, general and administrative expenses decreased by <font class="ng-scope"><font>3</font>%</font>, resulting from lower payroll expenses.</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 operating results</font><font style="color: #051272; font-weight: bold;"> &#8211;</font><font style="color: #ff0000;"> </font>Reduction of R$ <font class="ng-scope"><font>1</font></font><font class="ng-scope"><font>5</font></font> million in relation to <font class="ng-scope"><font>3</font>Q<font>19</font></font>, mainly due to extraordinary credits from PIS/COFINS taxes and from social security contributions registered in <font class="ng-scope"><font>3</font>Q<font>19</font></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;">EBITDA &#8211; </font>Total of R$ <font class="ng-scope"><font>28</font></font> million (<font class="ng-scope">+<font>52</font></font>%), despite the decline of <font class="ng-scope"><font>3</font>% </font>in sales and extraordinary tax credits in <font class="ng-scope"><font>3</font>Q<font>19</font></font>. This growth is a consequence of (i) the closure of underperforming stores and higher profitability from the existing network, (ii) initiatives to increase productivity and reduce expenses and (iii) improved margins. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, the growth was <font class="ng-scope"><font>103</font></font>%, mainly reflecting a recovery in sales, the annual readjustment in medicine prices and measures taken to reduce expenses and increase 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;">Investments</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> In <font class="ng-scope"><font>3</font>Q<font>20</font></font>, Extrafarma invested R$ <font class="ng-scope"><font>10</font></font> million, largely in the construction of the distribution center in the state of Maranh&#227;o, scheduled to be concluded at the end of<font class="ng-scope"> <font>2020</font></font>, in IT and store maintenance.</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'>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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<table style="width: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

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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: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgfsmyey25wqx06323569.jpg" alt="Graphics"></td>
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</table>
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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>
</td>
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</table>
<p><br></p>
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<div style="border-left: none; border-right: none;">
<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%; float: left; height: 153px;" width="100%">

<tr style="height: 17px;">
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 29.1%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 34px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Amounts in R$ million </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 2pt solid #000000; height: 34px; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>3</font>Q<font>20</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>19</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; 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>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; 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>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>20</font> </font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>19</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.78%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-right-width: 1pt; 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;"> &#916; </font></p>
</td>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>3</font>Q<font>19</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> v <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.78%; height: 17px; border-right-width: 1pt; 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: 7pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>20</font> v <font>9</font>M<font>19</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; width: 29.1%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Net revenues </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>20,762</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>23,203</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>15,876</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>11</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>31</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>58,025</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>65,635</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.78%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-right-width: 1pt; 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;" class="ng-scope"> (<font>12</font>%) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 29.1%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Net income </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>277</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>307</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>50</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> (<font>10</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; 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; width: 8.34%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>496</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>671</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.78%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-right-width: 1pt; 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;" class="ng-scope"> (<font>26</font>%) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 29.1%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Earnings per share attributable to shareholders&#178; </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>0.24</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>0.27</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>0.04</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>11</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> n/a </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>0.43</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>0.59</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.78%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-right-width: 1pt; 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;" class="ng-scope"> (<font>27</font>%) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 29.1%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> EBITDA ex-non-recurring&#185; </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>1,038</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>992</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>599</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>5</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>73</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>2,447</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>2,504</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.78%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-right-width: 1pt; 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;" class="ng-scope"> (<font>2</font>%) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 29.1%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Adjusted EBITDA </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>1,038</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>979</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>611</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>6</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>70</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>2,529</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>2,439</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.78%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-right-width: 1pt; 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;" class="ng-scope"> <font>4</font>% </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 29.1%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Investments </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>313</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>472</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 6.96%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>361</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>34</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>13</font>%) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.34%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>1,024</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.32%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>1,076</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.78%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-right-width: 1pt; 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;" class="ng-scope"> (<font>5</font>%) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 29.1%; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Operating cash flow</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 9.72%; border-bottom: 2pt solid #000000; border-top: 1pt solid #000000; height: 17px; border-left-width: 2pt; border-left-style: solid; border-left-color: #000000; border-right-width: 2pt; 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;" class="ng-scope"> <font>828</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;" class="ng-scope"> <font>922</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;" class="ng-scope"> <font>871</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;" class="ng-scope"> (<font>10</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;" class="ng-scope"> (<font>5</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;" class="ng-scope"> <font>2,630</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;" class="ng-scope"> <font>2,449</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;" class="ng-scope"> <font>7</font>% </font></p>
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<p style="margin: 0pt; text-align: justify;"><br></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;">of</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;" class="ng-scope"> <font>2</font></font><font style="font-size: 7pt; font-style: italic;">Q</font><font style="font-size: 7pt; font-style: italic;" class="ng-scope"><font>19</font></font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">and</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;" class="ng-scope"><font>3</font>Q<font>19</font></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;" class="ng-scope"> <font>1</font></font><font style="font-size: 7pt; font-style: italic;">Q</font><font style="font-size: 7pt; font-style: italic;" class="ng-scope"><font>20</font></font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">and at 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;" class="ng-scope"><font>2</font>Q<font>20</font></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 as 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$ <font class="ng-scope"><font>20</font></font>,<font class="ng-scope"><font>762</font></font> million (-<font class="ng-scope"><font>11</font></font>%), mainly due to the decrease in net revenues at Ipiranga impacted by the pandemic. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, net revenues increased by <font class="ng-scope"><font>31</font>%</font>, due to higher sales at all the businesses. </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$ <font class="ng-scope"><font>1</font></font>,<font class="ng-scope"><font>0</font></font><font class="ng-scope"><font>38</font></font> million (+<font class="ng-scope"><font>6</font></font>%), due to EBITDA growth at Oxiteno, Ultragaz, Ultracargo and Extrafarma. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, there was an increase of<font class="ng-scope"> <font>7</font></font><font class="ng-scope"><font>0</font></font>%, principally due to the recovery in results at Ipiranga.</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;" class="ng-scope"><font style="display: inline;">3</font></font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of<font class="ng-scope"> R$ <font>3</font></font><font class="ng-scope"><font>97</font></font> million (+<font class="ng-scope"><font>8</font></font>%), the result of greater amortization of software, vehicles and investments <font class="ng-scope">executed over the past <font>twelve</font> months</font>. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, total costs and expenses with depreciation and amortization increased <font class="ng-scope"><font>4</font>%</font>, due to increased amortization of contractual assets with clients at Ipiranga and vehicles.</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 r</font><font style="color: #051272; font-weight: bold;">esult</font><font style="color: #44546a; font-weight: bold;"> &#8211;</font> Ultrapar recorded a net financial expense of R$ <font class="ng-scope"><font>158</font></font> million in <font class="ng-scope"><font>3</font>Q<font>20</font></font>, a slight improvement of R$ <font class="ng-scope"><font>6</font></font> million in relation to <font class="ng-scope"><font>3</font>Q<font>19</font></font>, mainly due to the decrease in interest rates, in spite of higher net debt, greater carrying costs of the gross debt and the concentration of expenses with the mark to market of interest rates. Compared to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, there was an increase of <font class="ng-scope"><font>97</font></font>%, due to higher interest expenses on debt, as mentioned above, and to a worsening result of exchange rate variation quarter on 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;">Net </font><font style="color: #051272; font-weight: bold;">i</font><font style="color: #051272; font-weight: bold;">ncome</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ <font class="ng-scope"><font>2</font></font><font class="ng-scope"><font>77</font></font> million (-<font class="ng-scope"><font>10</font></font>%), as a result of higher costs and expenses with depreciation and amortization and income tax, as well as the negative result of the cash<font style="font-style: italic;"> </font>flow<font style="font-style: italic;"> </font>hedge from<font style="font-style: italic;"> </font>bonds in <font class="ng-scope"><font>3</font>Q<font>20</font></font>. In relation to <font class="ng-scope"><font>2</font>Q<font>20</font></font>, net income registered an increase of<font class="ng-scope"> R$ <font>2</font></font><font class="ng-scope"><font>27</font></font> million, due to the EBITDA growth, partially offset by an increase in financial expenses.</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$ <font class="ng-scope"><font>2</font></font>,<font class="ng-scope"><font>630</font> </font>million in <font class="ng-scope"><font>9</font>M</font><font class="ng-scope"><font>20</font></font> compared to R$ <font class="ng-scope"><font>2</font></font>,<font class="ng-scope"><font>449</font></font> million in <font class="ng-scope"><font>9</font>M</font><font class="ng-scope"><font>19</font>,</font> mainly due to greater divestment in working capital and to the increased EBITDA in the period.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Resul</font><font style="color: #051272; font-weight: bold;">ts from the</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-weight: bold;"> </font><font style="color: #051272; font-style: italic; font-weight: bold;">a</font><font style="color: #051272; font-style: italic; font-weight: bold;">bastece </font><font style="color: #051272; font-style: italic; font-weight: bold;">a</font><font style="color: #051272; font-style: italic; font-weight: bold;">&#237;</font><font style="color: #051272; font-weight: bold;"> &#8211; </font>In addition to the<font class="ng-scope"> <font>five</font> principal</font> businesses, Ultrapar recorded a negative impact on its EBITDA of R$ <font class="ng-scope"><font>25</font></font> million, comprised of (i) R$ <font class="ng-scope"><font>2</font></font><font class="ng-scope"><font>0</font></font> million of the Holding&#8217;s expenses and (ii) R$ <font class="ng-scope"><font>6</font></font> million of negative EBITDA from <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> (new digital payment business), due to payroll and technology expenses for the structuring and growth of the business, partially offset by (iii) R$ <font class="ng-scope"><font>2</font></font> million of positive EBITDA with affiliates.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-style: italic;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><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</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">amortization of contractual assets with clients &#8211; exclusive rights</font><font style="font-size: 7pt; font-style: italic;"> </font></font><br></p>
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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: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></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;"> Updates on ESG themes </font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno became <font style="font-weight: bold;">a company</font><font style="font-weight: bold;"> member</font><font style="font-weight: bold;"> of UN&#8217;s</font><font style="font-weight: bold;"> Global</font><font style="font-weight: bold;"> Compact</font> (Ultragaz and Ipiranga were already signatories), an initiative aligned with its Strategic Sustainability Plan of <font class="ng-scope"><font>2030</font>, base</font><font class="ng-scope">d on <font>eight</font> pillars </font>that balance economic prosperity, environmental protection and attendance of the society needs. Another achievement of Oxiteno this quarter was to become the <font style="font-weight: bold;">first Brazilian chemical company to e</font><font style="font-weight: bold;">stablish a </font><font style="font-weight: bold;">partnership with</font><font style="font-weight: bold;"> EcoVadis</font>, a global leader player in sustainability assessment, aiming to boost sustainable practices along its entire supply chain. </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In August, Ipiranga launched its new <font style="font-weight: bold;">Sust</font><font style="font-weight: bold;">ainab</font><font style="font-weight: bold;">ility</font><font style="font-weight: bold;"> Policy</font> aligned with the principles established by the UN&#8217;s Global Compact and Sustainable Development Goals (SDGs). The policy includes new strategic guidelines for sustainability with orientation for acting in material themes such as urban mobility, climate change and ecoefficiency, aiming to generate and protect the value of the business over the long term, applied along its entire value chain. The preparation of the policy arose from a materiality assessment carried out by Ipiranga in<font class="ng-scope"> <font>2019</font></font> with its stakeholders and the inhouse launch was accompanied by a new visual identity, as well as online events promoted by Ipiranga&#8217;s executives and think-tanks in the sector. The policy is available for consultation on Company&#8217;s Investor Relations website. </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In addition, Ipiranga established a <font style="font-weight: bold;">par</font><font style="font-weight: bold;">tnership with</font><font style="font-weight: bold;"> GDSolar</font> <font class="ng-scope">for building and operating <font>five</font> solar energy/photovoltaic </font>power plants to reduce electricity costs in its service stations and franchises and increase the share of renewable energy sources in its energy matrix. The forecast is to generate more than <font class="ng-scope"><font>50</font> </font>thousand MWh/year from April 2021, sufficient energy to supply approximately <font class="ng-scope"><font>300</font> </font>service stations with savings of up to <font class="ng-scope"><font>15</font>% </font>in cost of electric energy, totaling an economy of more than <font class="ng-scope">R$ <font>7</font></font><font class="ng-scope"><font>0</font></font> million annually in the participating network. </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As from September, the Company&#8217;s Board of Directors is composed of <font class="ng-scope"><font>eleven</font> members with the election of</font><font style="font-weight: bold;"> Alexandre Saigh</font>, cofounder and a member of the Executive Committee of P&#225;tria Investimentos. Saigh has a vast experience in portfolio management, infrastructure and capital allocation, themes which are on Ultrapar&#8217;s strategic agenda.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In the same month, the Board of Directors elected<font style="font-weight: bold;"> Rodrigo Pizzinatto </font>as<font style="font-weight: bold;"> </font><font style="font-weight: bold;">Chief Financial </font><font style="font-weight: bold;">and Investor Relations Officer</font>. Rodrigo Pizzinatto has had a long career of<font class="ng-scope"> <font>21</font> </font>years in the Ultra Group, where he started as an intern, working in several financial areas such as Treasury, M&amp;A, Corporate Planning and IR. In the past years he has been a member of the Executive Board of Extrafarma, where he held the position of Chief Executive Officer between June <font class="ng-scope"><font>2018</font></font> and October 2020.</font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In October, <font style="font-weight: bold;">Marcelo Bazzali</font> was elected as <font style="font-weight: bold;">Chief Executive Officer</font> of <font style="font-weight: bold;">Extrafarma</font><font class="ng-scope">. Bazzali built a solid career of over <font>25</font> years in retail, including leadership positions in operations, marketing, commercial, e-commerce and business management in </font><font style="font-style: italic;">Grupo P&#227;o de A&#231;&#250;car</font>.</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;"> Capital markets </font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s combined average daily trading volume <font class="ng-scope">on B<font>3</font> and NYSE</font> totaled <font class="ng-scope">R$ <font>169</font> million/day in <font>3</font>Q<font>20</font> (+<font>19</font>%</font> YoY). <font class="ng-scope">Ultrapar&#8217;s shares closed the quarter quoted at R$ <font>19.27</font> on B<font>3</font>, a</font>n appreciation <font class="ng-scope">of <font>5</font>% in the quarter</font>, while the Ibovespa stock index remained stable over the same period. In NYSE, Ultrapar&#8217;s shares posted an appreciation<font class="ng-scope"> of <font>1</font>% in </font><font class="ng-scope"><font>3</font></font><font class="ng-scope">Q<font>20</font>, while the Dow Jones stock index </font>registered growth <font class="ng-scope">of <font>8</font></font>%. Ultrapar closed <font class="ng-scope"><font>3</font></font><font class="ng-scope">Q<font>20</font> with a market cap of R$ </font><font class="ng-scope"><font>21</font></font> billion.</font></p>
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<td style="padding: 1px 0px 0px 5px; vertical-align: middle; width: 37.54%; height: 32px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Capital markets </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 11.36%; height: 32px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 32px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>19</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 32px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="vertical-align: middle; width: 11.12%; height: 32px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>20</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 32px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>9</font>M<font>19</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> Number of shares (<font>000</font>) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>1,115,006</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>1,112,810</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>1,114,919</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>1,115,006</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>1,112,810</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Market capitalization&#185; (R$ million) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>21,486</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>20,576</font> &nbsp; </font></p>
</td>
<td style="vertical-align: bottom; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>20,492</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>21,486</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>20,576</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> B<font>3</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="vertical-align: bottom; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> Average daily trading volume (<font>000</font> shares) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>7,415</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>6,562</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>9,136</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>8,793</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>5,723</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> Average daily trading volume (R$ <font>000</font>) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>149,324</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>121,997</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>141,452</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>158,259</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>124,301</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Average share price (R$/share) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>20.14</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>18.59</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>15.48</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>18.00</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>21.72</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> NYSE </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> Quantity of ADRs&#178; (<font>000</font> ADRs) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>47,480</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>46,518</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>47,480</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>47,480</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>46,518</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> Average daily trading volume (<font>000</font> ADRs) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>958</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>1,051</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>1,494</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>1,458</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>1,236</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> Average daily trading volume (US$ <font>000</font>) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>3,594</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>4,887</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>4,341</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>5,639</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>7,286</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Average share price (US$/ADRs) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>3.76</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>4.65</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>2.91</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>3.88</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>5.90</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Total </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> &nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> Average daily trading volume (<font>000</font> shares) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>8,373</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>7,612</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>10,630</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>10,251</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>6,958</font> </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 1px 0px 0px 5px; vertical-align: bottom; width: 37.54%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> Average daily trading volume (R$ <font>000</font>) </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; width: 11.36%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>168,661</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 12.24%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>141,380</font> </font></p>
</td>
<td style="vertical-align: middle; width: 12.52%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>164,769</font> </font></p>
</td>
<td style="vertical-align: bottom; width: 11.12%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>185,681</font> </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; width: 15.22%; height: 10px; margin: 0px; text-indent: 0px; border: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>152,387</font> </font></p>
</td>
</tr>

</table>
</div>
<p style="margin: 0pt; text-align: justify; text-indent: 21.25pt;"><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;">Calculated based on the c</font><font style="font-size: 7pt;">losing share price for the period</font></font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 21.25pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 7pt;">&#178; </font><font style="font-size: 7pt;" class="ng-scope"><font>1</font> ADR = <font>1</font> common share</font></font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 21.25pt;">&nbsp;</p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #404040; font-size: 9pt; font-weight: bold;">Performance </font><font style="color: #404040; font-size: 9pt; font-weight: bold;" class="ng-scope">UGPA<font>3</font> x Ibovespa &#8211; <font>3</font>Q<font>20</font></font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #404040; font-size: 8pt; font-weight: bold;">(</font><font style="color: #404040; font-size: 8pt; font-weight: bold;">Jun</font><font style="color: #404040; font-size: 8pt; font-weight: bold;"> </font><font style="color: #404040; font-size: 8pt; font-weight: bold;" class="ng-scope"><font>30</font>, <font>2020</font> =</font><font style="color: #404040; font-size: 8pt; font-weight: bold;" class="ng-scope"> <font>100</font></font><font style="color: #404040; font-size: 8pt; font-weight: bold;">)</font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font><img src="imgnzevyzk1kgw06323569.jpg" style="margin-left: 355.15pt; margin-top: 143.6pt; position: absolute; z-index: 5;" alt="Image4"><img src="imggt51b5f3hyg06323572.jpg" alt="Graphics"><br></font></p>
<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'>137</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="border-left: none; border-right: none;">
<table style="width: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="img1a2ljme0lxi06323572.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0px; text-indent: 0px;"><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="padding: 0px; vertical-align: top; width: 518.75pt; border-bottom: 1.5pt solid #002060 !important;">
<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;"> Debt (R$ million) </font></p>
</td>
</tr>

</table>
</div>
<p style="margin: 0pt;"><br></p>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 237px; width: 100%;" width="100%">

<tr style="height: 28px;">
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 241pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-left: 1pt solid #000000; height: 28px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9.5pt; font-weight: bold;"> Ultrapar consolidated </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-width: 2pt 2pt 1pt; border-color: #000000; border-style: solid; height: 28px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>20</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 28px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>2</font>Q<font>20</font> </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 28px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> <font>3</font>Q<font>19</font> </font></p>
</td>
</tr>
<tr style="height: 19px;">
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Gross debt </font></p>
</td>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>18,756</font>) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>17,764</font>) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>15,069</font>) </font></p>
</td>
</tr>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Cash and cash equivalents </font></p>
</td>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>9,798</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>8,448</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>6,439</font> </font></p>
</td>
</tr>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> Net debt (ex-IFRS <font>16</font>) </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-width: 1pt 2pt; border-color: #000000; border-style: solid; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> (<font>8,958</font>) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> (<font>9,317</font>) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> (<font>8,631</font>) </font></p>
</td>
</tr>
<tr style="height: 19px;">
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Leases payable </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-width: 1pt 2pt; border-color: #000000; border-style: solid; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>1,832</font>) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>1,775</font>) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> (<font>1,568</font>) </font></p>
</td>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 241pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-left: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Net debt </font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-width: 1pt 2pt; border-color: #000000; border-style: solid; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> (<font>10,790</font>) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> (<font>11,092</font>) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;" class="ng-scope"> (<font>10,199</font>) </font></p>
</td>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> Net debt/LTM Adjusted EBITDA&#185; (ex-IFRS <font>16</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;" class="ng-scope"> <font>2.9</font>x </font></p>
</td>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>3.1</font>x </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;" class="ng-scope"> <font>2.7</font>x </font></p>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Net debt/LTM Adjusted EBITDA&#185; </font></p>
</td>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>3.1</font>x </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;" class="ng-scope"> <font>3.2</font>x </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;"> n/a </font></p>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Average cost of debt</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;" class="ng-scope"> <font>193</font>% DI </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>141</font>% DI </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>99</font>% DI </font></p>
</td>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> DI + <font>1.9</font>% </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> DI + <font>1.2</font>% </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> DI - <font>0.0</font>% </font></p>
</td>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Average cash yield (% DI) </font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-width: 1pt 2pt; border-color: #000000; border-style: solid; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>68</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>87</font>% </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>94</font>% </font></p>
</td>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;"> Duration (years) </font></p>
</td>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>4.8</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>4.4</font> </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.05pt; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; border-right: 1pt solid #000000; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;" class="ng-scope"> <font>5.0</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; font-style: italic;">LTM Adjusted </font><font style="font-size: 7pt; font-style: italic;">EBITDA</font><font style="font-size: 7pt; font-style: italic;"> excludes</font><font style="font-size: 7pt; font-style: italic;"> the</font><font style="font-size: 7pt; font-style: italic;"> impairment </font><font style="font-size: 7pt; font-style: italic;">of</font><font style="font-size: 7pt; font-style: italic;"> Extrafarma </font><font style="font-size: 7pt; font-style: italic;">of</font><font style="font-size: 7pt; font-style: italic;" class="ng-scope"> R$ <font>593</font> </font><font style="font-size: 7pt; font-style: italic;">million</font><font style="font-size: 7pt; font-style: italic;"> </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;" class="ng-scope"><font>2</font>Q<font>20</font></font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">and</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">in </font><font style="font-size: 7pt; font-style: italic;" class="ng-scope"><font>3</font>Q<font>20</font></font></font></p>
<p style="margin: 0pt;"><font style="color: #051272; font-family: 'times new roman', times; 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 <font class="ng-scope"><font>3</font>Q<font>20</font></font> with net financial debt of<font class="ng-scope"> R$ <font>9</font></font>.<font class="ng-scope"><font>0</font></font> billion, comprised of a gross debt of<font class="ng-scope"> R$ <font>1</font></font><font class="ng-scope"><font>8</font></font>.<font class="ng-scope"><font>8</font> bil</font>lion and a cash position of R$ <font class="ng-scope"><font>9</font></font>.<font class="ng-scope"><font>8</font></font> billion. The effect of exchange rate variation on the net debt for the portion of the notes designated for hedge accounting was R$ <font class="ng-scope"><font>93</font></font> million in <font class="ng-scope"><font>3</font>Q<font>20</font></font>. Considering leases payable<font class="ng-scope"> (IFRS <font>16</font>) </font>of <font class="ng-scope">R$ <font>1</font></font>.<font class="ng-scope"><font>8</font> bil</font>lion, the Company&#8217;s total net debt was<font class="ng-scope"> R$ <font>1</font></font><font class="ng-scope"><font>0</font></font>.<font class="ng-scope"><font>8</font></font> billion<font class="ng-scope"> (<font>3</font></font>.<font class="ng-scope"><font>1</font></font>x LTM Adjusted EBITDA) compared to<font class="ng-scope"> R$ <font>11</font></font>.<font class="ng-scope"><font>1</font></font> billion on June 3<font class="ng-scope"><font>0</font></font>,<font class="ng-scope"> <font>2020</font> (<font>3</font></font>.<font class="ng-scope"><font>2</font></font>x LTM Adjusted EBITDA), mainly due to the improvement in EBITDA.</font></p>
<p style="margin: 0pt;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 11pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 11pt; font-weight: bold;">Maturity </font><font style="color: #051272; font-size: 11pt; font-weight: bold;">p</font><font style="color: #051272; font-size: 11pt; font-weight: bold;">rofile</font><font style="color: #051272; font-size: 11pt; font-weight: bold;"> and debt breakdown</font><font style="color: #051272; font-size: 11pt; font-weight: bold;">:</font><font style="font-size: 11pt;"> </font></font></p>
<p style="margin: 0pt; text-align: center;"><img src="imgwnddeywb2cd06323573.jpg" alt="Graphics"></p>
<p style="margin: 0pt; text-align: center;"><br></p>
<p style="margin: 0pt; text-align: center;"><img src="imgrudoyikby4106323575.jpg" alt="Graphics"><br></p>
<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'>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>
</div>
<p style="margin: 0pt; text-align: center;"><br></p>
<table style="width: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
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<td style="width: 49.8774%; text-align: right;"><img src="imgzidx4jpdhy106323575.jpg" alt="Graphics"></td>
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<p style="margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times;"><br></font></p>
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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;" class="ng-scope"> <font>3</font>Q<font>20</font> Conference Call </font></p>
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<p style="margin: 8pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar will host a conference call for analysts and investors on November 5, 2020 to comment on the Company&#8217;s performance in the third <font class="ng-scope">quarter of <font>2020</font> and </font>its <font class="ng-scope">outlook. The presentation will be available for download in the Company&#8217;s website <font>30</font> minutes prior to the conference call. </font></font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The conference call will be transmitted via WEBCAST and held in Portuguese with simultaneous translation into English. The link for access will be available at ri.ultra.com.br. Please connect <font class="ng-scope"><font>15</font> minut</font>es in advance.</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-weight: bold;">Conference call in Portuguese with </font><font style="color: #051272; font-weight: bold;">simultaneous </font><font style="color: #051272; font-weight: bold;">translation</font><font style="color: #051272; font-weight: bold;"> into English</font></font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Time</font><font style="color: #051272; font-weight: bold;" class="ng-scope">: <font>11</font></font><font style="color: #051272; font-weight: bold;">:</font><font style="color: #051272; font-weight: bold;" class="ng-scope"><font>00</font></font><font style="color: #051272; font-weight: bold;"> a.m.</font><font style="color: #051272; font-weight: bold;"> (</font><font style="color: #051272; font-weight: bold;">BRT</font><font style="color: #051272; font-weight: bold;">) </font><font style="color: #051272; font-weight: bold;">/ </font><font style="color: #051272; font-weight: bold;" class="ng-scope"><font>9</font></font><font style="color: #051272; font-weight: bold;">:</font><font style="color: #051272; font-weight: bold;" class="ng-scope"><font>00</font></font><font style="color: #051272; font-weight: bold;"> a.m.</font><font style="color: #051272; font-weight: bold;"> (EST)</font></font></p>
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="color: #404040; font-family: 'times new roman', times; font-weight: bold;">&nbsp;</font><font style="color: #404040; font-family: 'times new roman', times; font-weight: bold;">&nbsp;</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">Participant</font><font style="color: #404040; font-weight: bold;">s in Brazil</font><font style="color: #404040; font-weight: bold;">:</font><font style="color: #404040;"> </font><font class="ng-scope">+<font>55</font> (<font>11</font>) <font>3181</font>-<font>8565</font> (</font><font style="color: #0000ff; text-decoration: underline;">HD Web Phone</font>) or<font class="ng-scope"> +<font>55</font> (<font>11</font>) <font>4118</font>-<font>4632</font></font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">C</font><font style="color: #404040; font-weight: bold;">ode</font><font style="color: #404040; font-weight: bold;">:</font><font style="color: #404040;"> </font>Ultrapar &#8211; in Portuguese</font><br><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">Replay:</font><font style="color: #404040;"> </font><font class="ng-scope">+<font>55</font> (<font>11</font>) </font><font class="ng-scope"><font>3193</font>-<font>1012</font></font> (<font class="ng-scope">available for <font>seven</font> days</font>)</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">C</font><font style="color: #404040; font-weight: bold;">ode</font><font style="color: #404040; font-weight: bold;">:</font><font style="color: #404040;"> </font><font class="ng-scope"><font>0785935</font>#</font></font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-size: 10pt;"><font style="color: #262626; font-family: 'times new roman', times;">&nbsp;</font><font style="color: #051272; font-family: 'times new roman', times; font-weight: bold;">&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">International </font><font style="color: #404040; font-weight: bold;">Participants:</font><font style="color: #404040;"> </font><font class="ng-scope">+<font>1</font> (<font>844</font>) <font>204</font>-<font>8942</font> (</font><font style="color: #0000ff; text-decoration: underline;">HD Web Phone</font>) or<font class="ng-scope"> +<font>1</font> (<font>412</font>) <font>717</font>-<font>9627</font></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">C</font><font style="color: #404040; font-weight: bold;">ode</font><font style="color: #404040; font-weight: bold;">: </font>Ultrapar &#8211; in English</font></p>
<p style="margin: 0pt;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">Replay:</font><font style="color: #404040;"> </font><font class="ng-scope">+<font>55</font> (<font>11</font>) <font>3193</font>-<font>1012</font></font> (<font class="ng-scope">available for <font>seven</font> days</font>)</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #404040; font-weight: bold;">C</font><font style="color: #404040; font-weight: bold;">ode</font><font style="color: #404040; font-weight: bold;">:</font><font style="color: #404040;"> </font><font class="ng-scope"><font>9792937</font>#</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9.5pt;" class="ng-scope"><br></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'>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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</div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
<table style="width: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

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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: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
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<td style="width: 49.8774%; text-align: right;"><img src="img1ibrolnrh2406323575.jpg" alt="Graphics"></td>
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<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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<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 876px; border-collapse: collapse; width: 100%; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">

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<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; text-align: center; height: 17px;" colspan="7"><font style="height: 15px; padding-top: 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; width: 99.1457%;"><b>ULTRAPAR</b></font></td>
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<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; text-align: center; height: 17px;" colspan="7"><font style="height: 15px; padding-top: 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; width: 99.1457%;"><b>CONSOLIDATED BALANCE SHEET</b></font><br></td>
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<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: 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: #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: 17px;"><br></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; margin: 0px; text-indent: 0px; text-align: center; height: 17px;"><br></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; margin: 0px; text-indent: 0px; text-align: center; height: 17px;"><br></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; margin: 0px; text-indent: 0px; text-align: center; height: 17px;"><br></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; margin: 0px; text-indent: 0px; text-align: center; height: 17px;"><br></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; margin: 0px; text-indent: 0px; text-align: center; height: 17px;"><br></td>
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<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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font>SEP <font style="display: inline;">20</font><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;" class="ng-scope"><font style="mso-spacerun: yes;"> <font style="color: #1f497d; 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: center; 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;">SEP&nbsp;</font></font><font style="display: inline;">19</font><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;">JUN 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
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<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&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,996.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,553.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,805.2</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,582.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,339.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,174.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,801.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4,201.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,505,6</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,539.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,285.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,970.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,144.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,303.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,476.1</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: 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;" class="ng-scope"><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><font>136.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>133.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>158.2</font></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;" class="ng-scope"><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><font>481.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>481.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>473.0</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: 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;" class="ng-scope"><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><font>69.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>76.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>87.3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>17,751.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15,374.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15,650.4</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,218.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>545.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,467.5</font></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;" class="ng-scope"><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><font>515.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>389.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>470.7</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,068.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>599.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,016.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,573.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>845.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,149.1</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: 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;" class="ng-scope"><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><font>952.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>920.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>949.7</font></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;" class="ng-scope"><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><font>79.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>94.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>87.8</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,183.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>977.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,127.4</font></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;" class="ng-scope"><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><font>197.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>196.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>197.2</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: 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;" class="ng-scope"><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><font>170.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>130.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>165.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,163.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,945.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,135.5</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7,976.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7,453.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7,899.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,762.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,323.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,770.5</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>18,859.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>16,422.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>18,437.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>36,611.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>31,796.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>34,087.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,004.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,131.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,335.1</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: 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;" class="ng-scope"><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><font>960.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>257.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>262.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,447.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,407.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,538.3</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: 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;" class="ng-scope"><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><font>514.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>432.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>439.1</font></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;" class="ng-scope"><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><font>419.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>325.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>316.6</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: 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;" class="ng-scope"><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><font>247.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>205.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>238.5</font></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;" class="ng-scope"><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><font>409.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>409.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>355.3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9,003.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,168.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>6,485.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9,240.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7,410.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>8,951.8</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,550.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>6,269.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>6,215.2</font></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;" class="ng-scope"><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><font>844.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>852.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>846.7</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: 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;" class="ng-scope"><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><font>234.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>202.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>247.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,584.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,362.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,536.7</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: 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;" class="ng-scope"><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><font>326.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>457.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>297.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>17,780.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>16,554.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>18,094.5</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>26,783.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>21,723.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>24,579.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,171.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,171.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,171.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4,593.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4,646.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4,595.3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>489.1</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>485.4</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>485.4</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>147.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>355.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>163.3</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: 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;" class="ng-scope"><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><font>403.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>385.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>391.6</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9,827.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>10,073.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9,508.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>36,611.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>31,796.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>34,087.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9,797.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>6,438.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>8,447.5</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: normal; text-align: left; background-color: #cceeff;"><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: #262626; font-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>18,755.9</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>15,069.2</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>17.764.2</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,831.8</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,567.9</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,775.3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>10,789.9</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>10,198.7</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>11,091.9</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: 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;" class="ng-scope">Net cash (debt) ex-IFRS <font>16</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>8,958.1</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>8,630.7</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>9,316.6</font>)</font></td>
</tr>

</table>
</div>
<p style="margin: 0pt; text-align: center;"><br></p>
<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'>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: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgv5hphqqg2ng06323575.jpg" alt="Graphics"></td>
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</table>
<p style="margin: 0pt; text-align: center;"><br></p>
<div style="border-left: none; border-right: none;">
<div>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 718px; border-collapse: collapse; width: 100%; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 15px;">
<td colspan="10" 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: 92.0992%;">ULTRAPAR</td>
</tr>
<tr style="height: 15px;">
<td colspan="10" 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: 92.0992%;"><font style="color: #1f497d; font-family: 'Open Sans', sans-serif; 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: center; 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;">CONSOLIDATED INCOME STATEMENT</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; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 61.3141%;">&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: 18.891%;">&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: 0.749064%;">&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: 11.145%;">&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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="text-decoration: underline;">In million of Reais</font><font style="mso-spacerun: yes;">&nbsp;</font></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: 6.06769%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;" class="ng-scope"><font style="display: inline;">3</font></font>Q<font style="display: inline;">20</font><font style="mso-spacerun: yes;">&nbsp;</font></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: 0.750188%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&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: 5.45249%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;" class="ng-scope"> <font style="display: inline;">3</font></font>Q<font style="display: inline;">19</font><font style="mso-spacerun: yes;">&nbsp;</font></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: 0.749625%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&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: 5.871%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;" class="ng-scope"> <font style="display: inline;">3</font></font>Q<font style="display: inline;">20</font><font style="mso-spacerun: yes;">&nbsp;</font></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: 0.749064%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&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: 5.00187%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;" class="ng-scope"> <font style="display: inline;">9</font>M</font><font style="display: inline;">20</font><font style="mso-spacerun: yes;">&nbsp;</font></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: 1.30378%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&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: 4.83938%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;" class="ng-scope"> <font style="display: inline;">9</font>M</font><font style="display: inline;">19</font><font style="mso-spacerun: yes;">&nbsp;</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: #262626; 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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Net revenue from sales and services</font></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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>20,762.1</font></font></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: 0.750188%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font><font>23,203.3</font></font></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: 0.749625%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font><font>15,876.2</font></font></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: 0.749064%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font><font>58,025.5</font></font></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: 1.30378%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>65,635.2</font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Cost of products and services sold</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>19,123.3</font>)</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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>(<font>21,580.2</font>)</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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>(<font>14,825.0</font>)</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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; </font>(<font>53,925.5</font>)</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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>61,161.8</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: #262626; 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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Gross profit</font></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: 6.06769%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,638.8</font></font></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: 0.750188%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.45249%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,623.1</font></font></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: 0.749625%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.871%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,051.2</font></font></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: 0.749064%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.00187%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4,099.9</font></font></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: 1.30378%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 4.83938%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4,473.4</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: #262626; 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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Operating expenses</font></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; width: 6.06769%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.45249%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.871%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.00187%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 4.83938%;"></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Selling and marketing</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>630.7</font>)</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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>613.5</font>)</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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>608.3</font>)</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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>1,883.9</font>)</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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,988.5</font>)</font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">General and administrative</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>373.9</font>)</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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>445.5</font>)</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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>293.2</font>)</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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,077.0</font>)</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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,245.0</font>)</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-color: #cceeff; width: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Other operating income</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(</font><font>45.9</font>)</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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>53.2</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>36.2</font></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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>114.2</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>100.0</font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Gain (loss) on disposal of property,<br>plant and equipment and intangibles</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15.0</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.0</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>14.0</font></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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>35.9</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.9</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: #262626; 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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Operating income (loss)</font></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: 6.06769%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>603.3</font></font></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: 0.750188%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.45249%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>619.3</font></font></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: 0.749625%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.871%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>199.8</font></font></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: 0.749064%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.00187%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,289.2</font></font></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: 1.30378%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 4.83938%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,340.8</font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Financial result</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: 6.06769%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Financial income</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>71.6</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>125.6</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>53.1</font></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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>306.8</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>401.9</font></font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Financial expenses</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>299.5</font>)</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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>289.0</font>)</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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>133.4</font>)</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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>712.6</font>)</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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>656.6</font>)</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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Share of profit (loss) of subsidiaries,<br>joint ventures and associates</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>4.8</font>)</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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>8.2</font>)</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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>13.3</font>)</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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>30.5</font>)</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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>18.3</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: #262626; 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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Income before income and social<br>contribution taxes</font></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: 6.06769%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>440.7</font></font></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: 0.750188%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.45249%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>447.6</font></font></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: 0.749625%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.871%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>106.2</font></font></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: 0.749064%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.00187%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>852.9</font></font></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: 1.30378%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 4.83938%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,067.8</font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Provision for income and social<br>contribution taxes</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: 6.06769%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Current</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>250.2</font>)</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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>58.7</font>)</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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>130.7</font>)</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; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>460.1</font>)</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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>337.6</font>)</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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Deferred</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>20.5</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; (</font><font>93.1</font>)</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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp;</font><font>55.1</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>46.8</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp;(</font><font>90.5</font>)</font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Benefit of tax holidays</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>21.3</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>11.4</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>19.3</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>56.6</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>30.9</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: #262626; 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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Net income</font></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: 6.06769%; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>277.3</font></font></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: 0.750188%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.45249%; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>307.3</font></font></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: 0.749625%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.871%; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>50.0</font></font></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: #cceeff; height: 15px; text-align: right; width: 0.749064%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.00187%; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>496.2</font></font></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: 1.30378%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 4.83938%; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>670.6</font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Net income attributable to:</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: 6.06769%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Shareholders of the Company</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>265.4</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>297.8</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>41.1</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>467.4</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>640.1</font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Non-controlling interests in subsidiaries</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>11.9</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9.5</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9.0</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>28.8</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>30.5</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: #262626; 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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA</font></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: 6.06769%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,038.3</font></font></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: 0.750188%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.45249%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>979.3</font></font></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: 0.749625%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.871%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>611.0</font></font></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: #cceeff; height: 15px; text-align: right; width: 0.749064%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 5.00187%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,529.2</font></font></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: 1.30378%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></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: 4.83938%; border-bottom: 1pt solid #000000 !important;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,438.8</font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Depreciation and amortization&#185;</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>397.0</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>368.3</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>381.4</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,165.0</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,116.2</font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Cash flow hedge bonds</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>42.9</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</font><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>43.1</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;105.6</font><font style="mso-spacerun: yes;">&nbsp;</font></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; background-color: #cceeff; width: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</font><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Total investments&#178;</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>312.8</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>472.4</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>360.8</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,023.7</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,076.0</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: #262626; 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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">RATIOS</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: 6.06769%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.45249%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.871%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 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: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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; background-color: #cceeff; width: 5.00187%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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; background-color: #cceeff; width: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 4.83938%;"></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Earnings per share - R$</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.24</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.27</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.04</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.43</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.59</font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Net debt / Stockholders' equity</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.91</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.86</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.98</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.91</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.86</font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope">Net debt / LTM Adjusted EBITDA&#179; (ex-IFRS<font>16</font>)</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.91</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.72</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3.07</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.91</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.72</font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Net debt / LTM Adjusted EBITDA&#179;</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3.10</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></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; background-color: #cceeff; width: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3.24</font></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; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3.10</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Net interest expense / Adjusted EBITDA</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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.15</font></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: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.17</font></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: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.13</font></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; border: none; white-space: nowrap; text-align: right; height: 15px; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.16</font></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: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.10</font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Gross margin</font></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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>7.9</font>%</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: 0.750188%;"></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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>7.0</font>%</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: 0.749625%;"></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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>6.6</font>%</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; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.749064%;"></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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>7.1</font>%</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: 1.30378%;"></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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>6.8</font>%</font></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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Operating margin</font></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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>2.9</font>%</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: 0.750188%;"></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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>2.7</font>%</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: 0.749625%;"></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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>1.3</font>%</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; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.749064%;"></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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>2.2</font>%</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: 1.30378%;"></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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>2.0</font>%</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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA margin&nbsp;</font></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: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>5.0</font>%</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: 0.750188%;"></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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>4.2</font>%</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: 0.749625%;"></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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>3.8</font>%</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; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.749064%;"></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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>4.4</font>%</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: 1.30378%;"></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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font>3.7</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: #262626; 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: 61.3141%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Number of employees</font></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; width: 6.06769%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15,759</font></font></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; width: 0.750188%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.45249%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>16,529</font></font></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; width: 0.749625%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.871%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>16,003</font></font></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; width: 0.749064%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 5.00187%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15,759</font></font></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; width: 1.30378%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 4.83938%;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>16,529</font></font></font></td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td height="20" 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; text-align: left; background-color: #cceeff; width: 92.0992%;" colspan="10"><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; width: 92.0992%;" colspan="10"><font style="color: rgb(0, 0, 0); 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; font-family: &quot;Open Sans&quot;, sans-serif; font-size: 10.6667px; float: none; display: inline !important;">&#185;<font>&nbsp;</font></font><font style="color: black; font-family: &quot;times new roman&quot;, times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; 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: none;">Includes amortization with contractual assets with customers &#8211; exclusive rights</font></td>
</tr>
<tr style="background-color: #ffffff; 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-color: #ffffff; height: 34px;" colspan="10"><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;">&#178; Includes property, plant and equipment and additions to intangible assets,contractual assets with customers (exclusive rights),<font>&nbsp;</font></font><br><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;">initial direct costs of assets with right of use, financing of clients and rental advances (net of repayments) and acquisition of shareholdings</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; width: 92.0992%; background-color: #ffffff; height: 17px;" colspan="10"><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;">&#179; LTM adjusted EBITDA does not consider impairment of Extrafarma for 2Q20, 3Q20 and 9M20<font>&nbsp;</font></font></td>
</tr>

</table>
</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'>141</font></font></td>
</tr>

</table>
</div>
<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: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgc0lbp3fcz4y06323575.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin: 0px; height: 1201px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">

<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: 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%; height: 17px; text-align: center;" colspan="5"><font style="color: #1f497d; font-family: 'Open Sans', sans-serif; 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: center; 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;">ULTRAPAR</font></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: 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%; height: 17px; text-align: center;" colspan="5"><font style="color: #1f497d; font-family: 'Open Sans', sans-serif; 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: center; 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;">CONSOLIDATED CASH FLOW</font></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: 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%; height: 17px;" colspan="5"><br></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: 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 - SEP</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 - SEP</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;" class="ng-scope"><font>2020</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; 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;" class="ng-scope"><font>2019</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>496.2</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>670.6</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: #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;">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; 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; height: 15px; text-align: right; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>30.5</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>18.3</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>224.4</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>273.4</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>242.1</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>219.2</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>698.4</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>623.6</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>11.5</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>11.1</font></font></td>
</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td height="20" style="height: 16px; 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%; background-color: #cceeff;"><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: 16px; 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: 16px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>768.8</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: 16px; text-align: right; 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; height: 16px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,083.9</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>46.8</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp;</font><font>90.5</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>35.9</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(</font><font>0.9</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;">Expected 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>29.1</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>27.5</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.8</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>18.6</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1.9</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4.5</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5.4</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1.0</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp;(</font><font>2.1</font>)</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; border-bottom: 1pt solid #000000 !important; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;" class="ng-scope"><font>2,402.3</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; text-align: right; height: 17px; width: 0.994644%; background-color: #cceeff;"><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; width: 9.94644%; border-bottom: 1pt solid #000000 !important; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;" class="ng-scope"><font>3,021.7</font></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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>255.2</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>225.7</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>180.8</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>71.2</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;</font><font>303.1</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>406.3</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4.7</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3.7</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>32.4</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>18.0</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>65.0</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp;</font><font>12.7</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: #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;">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; width: 9.94644%; background-color: #cceeff;"></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%; background-color: #cceeff;"></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%; background-color: #cceeff;"></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp;</font><font>607.4</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>344.2</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; width: 77.9648%; 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: #404040; 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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>108.4</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp;</font><font>3.9</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font>40.4</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.2</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>171.9</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>118.4</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.6</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>3.4</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1.5</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15.0</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>66.4</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>87.1</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.7</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; (</font><font>5.7</font>)</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>96.8</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>39.9</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>700.8</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7.1</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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>31.0</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>38.6</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.4</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp;</font><font>0.1</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; width: 77.9648%; 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: #404040; 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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5.3</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>11.8</font>)</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; width: 77.9648%; 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: #404040; 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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9.1</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.3</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>39.5</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>12.8</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; width: 77.9648%; 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: #404040; 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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>37.0</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>43.3</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>11.9</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: #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%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>296.8</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>231.7</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>227.3</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%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>118.9</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="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; width: 9.94644%; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font><font>2,630.3</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: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font><font>2,449.1</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; 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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><font style="mso-spacerun: yes; font-family: 'times new roman', times; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;" class="ng-scope"><font>(</font><font>1,567.1</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="mso-spacerun: yes; font-family: 'times new roman', times; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;" class="ng-scope"><font>&nbsp;&nbsp;&nbsp; </font>(<font>841.2</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;">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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>587.1</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>669.8</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; width: 77.9648%; background-color: #cceeff;"><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: #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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>112.3</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>75.8</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>20.0</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>22.9</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; width: 77.9648%; background-color: #cceeff;"><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: #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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; (</font><font>65.5</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;">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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>86.0</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>28.7</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="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: #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: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>2,200.5</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: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>1,650.6</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; 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-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: 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%; background-color: #cceeff;"><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: #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; 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; height: 15px; text-align: right; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"></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;">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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font><font>3,591.6</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font><font>2,016.4</font></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; width: 77.9648%; background-color: #cceeff;"><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: #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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>2,280.2</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; </font>(<font>2,160.6</font>)</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;">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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>478.8</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; </font>(<font>1,220.7</font>)</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; width: 77.9648%; background-color: #cceeff;"><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: #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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>266.5</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>237.2</font>)</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;">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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>264.5</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(<font>596.5</font>)</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; width: 77.9648%; background-color: #cceeff;"><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: #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; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>2.2</font>)</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;">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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7.0</font></font></td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<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%; background-color: #cceeff;"><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: #cceeff; 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%; 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>&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;" class="ng-scope">(<font>0.1</font>)</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%; background-color: #cceeff;"></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%; background-color: #cceeff;"><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;" class="ng-scope">(<font>0.1</font>)</font></font></font></td>
</tr>
<tr style="height: 10px;">
<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; 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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; 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; width: 9.94644%; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important;"><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;" class="ng-scope">(<font>301.7</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: 10px; 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: 10px; text-align: right; width: 9.94644%; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important;"><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;" class="ng-scope">(<font>2,193.9</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;">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: #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="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;" class="ng-scope"><font>149.5</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="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;" class="ng-scope"><font>9.8</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;">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-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%; border-bottom: 2.8pt double #000000 !important;"><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;" class="ng-scope"><font>881.0</font></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%; border-bottom: 2.8pt double #000000 !important;"><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;" class="ng-scope">(<font>1,385.7</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 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: #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;" class="ng-scope"><font>2,115.4</font></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: 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;" class="ng-scope"><font>3,939.0</font></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;">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-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;" class="ng-scope"><font>2,996.3</font></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: 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;" class="ng-scope"><font>2,553.3</font></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;">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: #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;">&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: #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%;"><br></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="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-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="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;" class="ng-scope"><font>407.1</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="color: #404040; font-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;" class="ng-scope"><font>244.7</font></font></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: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%; height: 17px; background-color: #cceeff;"><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 direct costs of right to use assets</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; background: #cceeff; width: 1.07116%; height: 17px;"><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: 17px; text-align: right; width: 9.94644%; background-color: #cceeff;"><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 style="border-left: none; border-right: none;" class="ng-scope"><font>-</font></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: 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>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; 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; width: 0.994644%; height: 17px; background-color: #cceeff;"><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; width: 9.94644%; height: 17px; background-color: #cceeff;" class="ng-scope"><font>20.4</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;">Addition on contractual assets with costumers - 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; 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;" class="ng-scope"><font>140.0</font></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="font-family: 'times new roman', times;"><font style="color: #404040; font-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 style="border-left: none; border-right: none;" class="ng-scope"><font>-</font></font></font><font style="color: #404040; font-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></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; width: 77.9648%; background-color: #cceeff;"><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; width: 9.94644%; background-color: #cceeff;"><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;" class="ng-scope"><font>47.1</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%; 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; height: 15px; text-align: right; width: 9.94644%; background-color: #cceeff;"><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>
<p style="margin: 0pt; text-align: center;"><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'>142</font></font></td>
</tr>

</table>
</div>
<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: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgg0evnpadbzr06323575.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: center; text-indent: 0px;"><br></p>
<div>
<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;" class="ng-scope">SEP <font>20</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: 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;" class="ng-scope">SEP <font>19</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: 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>JUN 20<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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>366.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>393.3</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>336.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>31.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>13.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>31.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>122.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>172.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>132.6</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>97.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>80.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>96.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>218.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>221.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>220.4</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>63.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>55.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>73.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>110.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>128.8</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>107.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,045.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>955.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,022.4</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;"><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,056.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,021.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,020.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>88.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>81.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>93.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>105.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>118.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>90.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>25.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9.9</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>13.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>127.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>119.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>129.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>150.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>166.2</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>144.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>80.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>119.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>83.1</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>577.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>614.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>553.2</font></font></td>
</tr>

</table>
</div>
<p style="margin: 0pt; text-align: center;"><br></p>
<div>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 308px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<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; width: 90.7604%; height: 17px;" 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>19</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font style="border-left: none; border-right: none;" class="ng-scope"><font>2</font></font>Q<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font style="border-left: none; border-right: none;" class="ng-scope"><font>9</font></font>M<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font style="border-left: none; border-right: none;" class="ng-scope"><font>9</font></font>M<font>19</font><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,954.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,894.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,723.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,439.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,307.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,636.8</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,604.8</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,442.3</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>4,602.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>4,586.8</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>318.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>289.6</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>281.1</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>837.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>720.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>104.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>107.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>104.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>315.1</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>320.6</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>54.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>51.4</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>32.3</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>134.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>152.3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1.8</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7.1</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5.5</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.8</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.3</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>6.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2.8</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>162.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>135.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>148.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>401.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>255.7</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; (</font><font>0.1</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.0</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.0</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; (</font><font>0.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>222.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>187.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>205.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>574.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>418.7</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>59.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>52.5</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>56.9</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>173.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>163.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>702</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>632</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>650</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>641</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>565</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>359</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>295</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>344</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>307</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>201</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>491</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>409</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>476</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>440</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>329</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,421</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,401</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,428</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,421</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,401</font></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;" colspan="11"><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 assets with customers - exclusive rights</font><br></td>
</tr>

</table>
</div>
<p style="margin: 0pt; text-align: center;"><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'>143</font></font></td>
</tr>

</table>
</div>
<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="border-right: none; border-left: none;">
<table style="width: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgqjbu0mjzzjj06323575.jpg" alt="Graphics"></td>
</tr>

</table>
<p><br></p>
<div>
<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; width: 99.9233%;"><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; width: 99.9233%;"><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; width: 61.013%;"><font style="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: 0.997698%;"><font style="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: 11.9724%;"><font style="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; width: 0.997698%;"></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; width: 11.9724%;"></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: 0.997698%;"><font style="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; width: 11.9724%;"></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: 61.013%;"><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; width: 0.997698%;"><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: 1pt solid #000000 !important; width: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 8pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font>SEP <font>20</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: center; height: 10px; width: 0.997698%;"><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: 1pt solid #000000 !important; width: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 8pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font>SEP <font>19</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: 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: 0.997698%;"><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: 11.9724%;"><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>
</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: 61.013%; 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: 0.997698%; 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: 11.9724%; 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: 0.997698%; 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: 11.9724%; 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: 0.997698%; 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: 11.9724%; 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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>43.4</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; text-align: right; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>38.4</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-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: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>62.0</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: 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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7.8</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; text-align: right; background-color: #cceeff; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>6.3</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; text-align: right; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>8.1</font></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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15.2</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; text-align: right; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>27.0</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-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: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>17.4</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: 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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>30.0</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; text-align: right; background-color: #cceeff; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15.0</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; text-align: right; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>30.1</font></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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>473.1</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; text-align: right; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>307.9</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-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: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>475.1</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: 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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,381.9</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; text-align: right; background-color: #cceeff; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,246.3</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; text-align: right; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,329.3</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: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,951.3</font></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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,640.8</font></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: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,922.1</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; background-color: #cceeff; width: 61.013%;"><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; width: 0.997698%;"></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; width: 11.9724%;"></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; width: 0.997698%;"></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; width: 11.9724%;"></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; width: 0.997698%;"></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; width: 11.9724%;"></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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>64.7</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; text-align: right; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>28.2</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-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: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>25.0</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: 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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>41.9</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; text-align: right; background-color: #cceeff; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>24.5</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; text-align: right; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>37.5</font></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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15.4</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; text-align: right; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7.6</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-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: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>11.6</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: 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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9.4</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; text-align: right; background-color: #cceeff; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>8.6</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; text-align: right; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9.9</font></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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>438.2</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; text-align: right; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>259.1</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-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: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>436.0</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: 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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>94.9</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; text-align: right; background-color: #cceeff; width: 0.997698%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>140.6</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; text-align: right; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>97.7</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; width: 61.013%;"><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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>664.4</font></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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>468.5</font></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; width: 0.997698%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 11.9724%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>617.8</font></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; width: 61.013%;"><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; width: 0.997698%;"><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; width: 11.9724%;"><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; width: 0.997698%;"><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; width: 11.9724%;"><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; width: 0.997698%;"><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; width: 11.9724%;"><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; width: 99.9233%;" colspan="7"><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>
</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; width: 61.013%;"><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; width: 0.997698%;"><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; width: 11.9724%;"><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; width: 0.997698%;"><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; width: 11.9724%;"><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; width: 0.997698%;"><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; width: 11.9724%;"><br></td>
</tr>

</table>
</div>
</div>
<p style="margin: 0pt; text-align: center;"><br></p>
<div style="border-right: none; border-left: none;">
<div>
<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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>19</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>2</font>Q<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>9</font>M<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>9</font>M<font>19</font><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>159.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>135.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>155.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>478.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>387.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>68.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>68.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>65.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>196.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>187.4</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;"><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>91.8</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>66.8</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>89.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>282.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>200.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1.7</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>2.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>5.1</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>6.0</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>33.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>29.4</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>26.8</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>90.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>84.4</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(</font><font>1.4</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>10.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>11.2</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>60.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.2</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; (</font><font>0.1</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.0</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; (</font><font>0.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>55.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>24.6</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>70.6</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>196.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>49.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.2</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.3</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.6</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1.7</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;"><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>78.4</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>45.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>91.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>260.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>111.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>22.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>19.8</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>20.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>63.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>60.3</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; 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;" class="ng-scope"><font>57.4</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; 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;" class="ng-scope"><font>49.3</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; 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;" class="ng-scope"><font>57.7</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; 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;" class="ng-scope"><font>59.0</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: 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;" class="ng-scope"><font>51.7</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: 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;" class="ng-scope"><font>34.6</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; 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;" class="ng-scope"><font>18.1</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: #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;" class="ng-scope"><font>45.6</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: #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;" class="ng-scope"><font>41.2</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: 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;" class="ng-scope"><font>12.7</font>%</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;" class="ng-scope"><font>49.1</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; 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;" class="ng-scope"><font>33.3</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; 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;" class="ng-scope"><font>59.1</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; 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;" class="ng-scope"><font>54.5</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: 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;" class="ng-scope"><font>28.7</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>911</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>751</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>878</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>911</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>751</font></font></td>
</tr>

</table>
</div>
</div>
<p style="margin: 0pt; text-align: center;"><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'>144</font></font></td>
</tr>

</table>
</div>
<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: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="img0prob3i40md06323575.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;SEP</font> <font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;SEP</font> <font>19</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: 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;JUN 20</font>&nbsp;</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>738.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>607.5</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>707.8</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>941.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>741.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>951.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>642.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>585.8</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>665.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>158.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>154.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>173.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>41.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>40.1</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>40.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,994.1</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,660.1</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,962.4</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,516.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4,789.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,500.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>638.6</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>422.7</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>545.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>148.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>107.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>114.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>62.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>36.8</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>36.4</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>27.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>28.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>26.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>44.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>41.1</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>42.4</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>41.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>52.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>43.3</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>962.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>688.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>809.6</font></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>
</div>
<p style="margin: 0pt; text-align: center;"><br></p>
<div>
<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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>19</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>2</font>Q<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>9</font>M<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>9</font>M<font>19</font><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,425.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,120.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,201.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,733.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,242.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>964.8</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>759.6</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>798.4</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>2,492.3</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>2,221.6</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>134.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>103.9</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>124.5</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>361.0</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>347.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>53.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>46.9</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>50.2</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>149.0</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>140.8</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>272.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>210.2</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>227.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>731.6</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>532.2</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>105.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>86.4</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>89.8</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>279.8</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>251.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>113.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>96.0</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>89.2</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>312.3</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>277.0</font>)</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.8</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.8</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1.3</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>74.0</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(</font><font>0.1</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.0</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.6</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font>0.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>54.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>28.5</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>50.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>212.8</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7.6</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.1</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.6</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>168.8</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>80.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>161.6</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>523.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>164.8</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>71.6</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>51.7</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>68.2</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>204.0</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>156.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>42.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>43.1</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>105.6</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,347</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,076</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,371</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,332</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>952</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>250</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>271</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>254</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>262</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>245</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>267</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>146</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>302</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>387</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>14</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>50</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>37</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>56</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>76</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>834</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>412</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>972</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>952</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>295</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>155</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>104</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>180</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>188</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>76</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;"><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,849</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,894</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,834</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,849</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,894</font></font></td>
</tr>

</table>
</div>
<p style="margin: 0pt; text-align: center;"><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'>145</font></font></td>
</tr>

</table>
</div>
<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="border-left: none; border-right: none;">
<table style="width: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="imgljprukdfes206323575.jpg" alt="Graphics"></td>
</tr>

</table>
<p><br></p>
<div>
<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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font>SEP <font>20</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font>SEP <font>19</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; 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>JUN 20<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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,584.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,010.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,335.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>483.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>376.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>439.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,000.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,850.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,385.7</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,226.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>821.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,089.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,658.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,458.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,593.9</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>511.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>551.8</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>533.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,098.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,003.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,073.8</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,534.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,505.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,593.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>13,097.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>12,576.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>12,044.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,484.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,714.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,690.3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>117.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>120.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>108.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>230.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>202.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>234.6</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>184.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;186.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>140.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>298.0</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>333.3</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>299.8</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>752.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>651.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>709.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>347.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>246.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>286.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>4,414.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,454.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,469.7</font></font></td>
</tr>

</table>
</div>
</div>
<div>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 315px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>19</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>2</font>Q<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>9</font>M<font>20</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>9</font>M<font>19</font><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>16,767.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>19,568.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>12,350.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>47,017.1</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>55,220.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>15,955.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>18,676.3</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>12,035.0</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>45,195.5</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>52,673.6</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;"><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>811.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>892.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>315.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,821.6</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,546.3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>272.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>259.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>273.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>853.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>927.3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>134.5</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>203.5</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>88.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>382.0</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>551.5</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(</font><font>46.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>45.2</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>21.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>19.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>110.4</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="border-left: none; border-right: none;" class="ng-scope"><font>12.9</font></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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.7</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>14.0</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>33.4</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>2.0</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;"><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>371.1</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>475.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; (</font><font>10.8</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>639.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,176.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(</font><font>0.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.4</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.8</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.8</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1.3</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;"><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>565.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>679.4</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>178.7</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,224.3</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,787.1</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>194.9</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>203.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>188.7</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>584.1</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>609.8</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: #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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>147</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>144</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>68</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>116</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>146</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>67</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>77</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; (</font><font>2</font></font><font style="font-family: 'times new roman', times;">)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>41</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>68</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>102</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>110</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>39</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>78</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>103</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: 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;" class="ng-scope"><font>3.4</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; 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;" class="ng-scope"><font>3.5</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; 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;" class="ng-scope"><font>1.4</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; 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;" class="ng-scope"><font>2.6</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; 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;" class="ng-scope"><font>3.2</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;"><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7,107</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7,151</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7,105</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7,107</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>7,151</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,276</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,287</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,351</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,276</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>3,287</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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;" colspan="11"><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 assets with customers - exclusive rights&nbsp;</font><br></td>
</tr>

</table>
</div>
<p style="margin: 0pt; text-align: center;"><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'>146</font></font></td>
</tr>

</table>
</div>
<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="border-left: none; border-right: none;">
<table style="width: 99.8365%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50.0409%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;"><font class="ng-scope"> <font style="border-left: none; border-right: none;">3</font></font></font><font style="font-size: 14pt; font-family: 'Open Sans', sans-serif; color: #051272;" class="ng-scope"><sup>rd</sup><font>&nbsp;</font>QUARTER <font style="border-left: none; border-right: none;">2020</font></font><font></font></p>
</td>
<td style="width: 49.8774%; text-align: right;"><img src="img1fvgooxcd3j06323575.jpg" alt="Graphics"></td>
</tr>

</table>
<p><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 241px; 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>SEP 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>SEP 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>JUN 20<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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>54.0</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>155.1</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>66.5</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>468.2</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>515.0</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>491.9</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>227.4</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>213.0</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>213.7</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>26.6</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>22.0</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>29.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>402.4</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>464.4</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>402.5</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>497.9</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,136.7</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>508.8</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;"><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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,676.5</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>2,506.2</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,713.0</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; 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>167.1</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>162.9</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>179.0</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>60.4</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>60.6</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>58.6</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>20.4</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>28.7</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>27.5</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9.7</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>40.1</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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>9.7</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>407.1</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>449.6</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-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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>403.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>15.7</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>14.3</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: 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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>11.1</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;">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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>680.4</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>756.1</font></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;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>689.3</font></font></td>
</tr>

</table>
</div>
<p style="margin: 0pt; text-align: center;"><br></p>
<p style="margin: 0pt; text-align: center;"><br></p>
<div>
<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; width: 99.918%;" 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: 99.918%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">INCOME STATEMENT&nbsp;</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: 45.0369%;"><font style="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: 1.06645%;"><font style="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: 10.0082%;"><font style="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: 1.06645%;"></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: 10.0082%;"><font style="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: 0.984413%;"><font style="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: 9.92617%;"><font style="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: 0.984413%;"><font style="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: 9.92617%;"><font style="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: 0.984413%;"><font style="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: 9.92617%;"><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; width: 45.0369%;"><font style="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; width: 1.06645%;"><font style="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; width: 10.0082%;"></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; width: 1.06645%;"></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; width: 10.0082%;"></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; width: 0.984413%;"><font style="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; width: 9.92617%;"></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; width: 0.984413%;"><font style="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; width: 9.92617%;"></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; width: 0.984413%;"><font style="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; width: 9.92617%;"></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; width: 45.0369%;"><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; width: 1.06645%;"><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: 1pt solid #000000 !important; width: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 8pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>20</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: center; height: 10px; width: 1.06645%;"><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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 8pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>3</font>Q<font>19</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: 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: 0.984413%;"><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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 8pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;</font><font>2</font>Q<font>20</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: 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: 0.984413%;"><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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 8pt;" class="ng-scope"><font>9</font>M<font>20</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: 0.984413%;"><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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 8pt;" class="ng-scope"><font>9</font>M<font>19</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: 45.0369%;"><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: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>522.9</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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>540.9</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>514.7</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,558.4</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; text-align: right; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,646.1</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: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 45.0369%;"><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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>30.8</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; width: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>28.0</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>30.6</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>88.9</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-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: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>87.0</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: 45.0369%;"><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: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>492.0</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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>512.9</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>484.1</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,469.5</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; text-align: right; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>1,559.1</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: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 45.0369%;"><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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>344.6</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; width: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>362.0</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>342.7</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,035.8</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-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: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>1,115.3</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: 45.0369%;"><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: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>147.5</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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>151.0</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>141.3</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>433.7</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; text-align: right; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>443.8</font></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: 45.0369%;"><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: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>158.9</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; width: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>184.4</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>163.3</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>496.6</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-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: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>561.3</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: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; width: 45.0369%;"><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: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.3</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; width: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>14.9</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.6</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>0.7</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; text-align: right; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>40.1</font></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: 45.0369%;"><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: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>0.0</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; width: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(</font><font>0.2</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>2.3</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>2.3</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(</font><font>0.2</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: 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: 45.0369%;"><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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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; width: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>-</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; width: 45.0369%;"><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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; width: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>11.1</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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; width: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>18.6</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>24.8</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>65.9</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-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: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(<font>77.6</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: 45.0369%;"><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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>27.7</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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>18.2</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>13.7</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; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>50.2</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; text-align: right; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>37.5</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: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; width: 45.0369%;"><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; width: 1.06645%;"><font style="font-family: 'times new roman', times; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>38.8</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; width: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>36.9</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>38.5</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>116.2</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-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: 0.984413%;"><font style="font-family: 'times new roman', times; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>115.1</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; width: 45.0369%;"><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; width: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 10.0082%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 10.0082%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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; width: 0.984413%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 9.92617%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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; width: 0.984413%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 9.92617%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 0.984413%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 9.92617%;"></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; width: 45.0369%;"><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; width: 1.06645%;"><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; width: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>28.2</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; width: 1.06645%;"></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; width: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>27.9</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><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; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>27.5</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-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.984413%;"><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; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>27.8</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-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: 0.984413%;"><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; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>27.0</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: 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; width: 45.0369%;"><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; width: 1.06645%;"><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; width: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope">(<font>2.1</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; width: 1.06645%;"></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; width: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope">(<font>3.4</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; width: 0.984413%;"></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; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope">(<font>4.8</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; width: 0.984413%;"></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; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope">(<font>4.2</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; text-align: right; background-color: #cceeff; width: 0.984413%;"></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; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope">(<font>4.7</font>%)</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; width: 45.0369%;"><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; width: 1.06645%;"><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; width: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>5.3</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; width: 1.06645%;"></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; width: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>3.4</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; width: 0.984413%;"></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; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>2.7</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; width: 0.984413%;"></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; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>3.2</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; text-align: right; width: 0.984413%;"></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; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font>2.3</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; width: 45.0369%;"><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: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,893</font></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: 1.06645%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 10.0082%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>6,811</font></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; width: 0.984413%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>6,095</font></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; width: 0.984413%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>5,893</font></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: 0.984413%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; 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: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;" class="ng-scope"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>6,811</font></font></td>
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<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; width: 45.0369%;"><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; width: 1.06645%;"><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; width: 10.0082%;"><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; width: 1.06645%;"><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; width: 10.0082%;"><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; width: 0.984413%;"><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; width: 9.92617%;"><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; width: 0.984413%;"><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; width: 9.92617%;"><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; width: 0.984413%;"><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; width: 9.92617%;"><br></td>
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<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; width: 45.0369%;"><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; width: 1.06645%;"><font style="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; width: 10.0082%;"></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; width: 1.06645%;"></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; width: 10.0082%;"></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; width: 0.984413%;"><font style="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; width: 9.92617%;"></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; width: 0.984413%;"><font style="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: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; width: 9.92617%;"><font style="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; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; width: 0.984413%;"><font style="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: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; width: 9.92617%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
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<p style="margin: 0pt; text-align: center;"><br></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'>147</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;">
<p style="margin: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font><font style="font-size: 10pt;">&nbsp;</font><font style="font-size: 10pt;">&nbsp;</font></font><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">ULTRAPAR P</font><font style="font-size: 10pt; font-weight: bold;">ARTICIPA&#199;&#213;ES S.A.</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 7pt 0pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Publicly</font><font style="font-size: 10pt; font-weight: bold;"> </font><font style="font-size: 10pt; font-weight: bold;">Traded</font><font style="font-size: 10pt; font-weight: bold;"> </font><font style="font-size: 10pt; font-weight: bold;">Company</font></font></p>
<p style="font-size: 10pt; line-height: 150%; 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="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 210.25pt;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">CNPJ n</font><font style="font-size: 6.67pt; vertical-align: super;">r</font><font style="font-size: 10pt;"> 33.256.439/0001-39</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 210.25pt;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">NIRE 35.300.109.724</font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 7pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Date, Time and Location:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">November </font><font style="font-size: 10pt;">4</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;"> 2020, </font><font style="font-size: 10pt;">at 2:30 p.m., at the Company&#8217;s headquarters, located at Av. </font><font style="font-size: 10pt;">Brigadeiro</font><font style="font-size: 10pt;"> Lu&#237;s</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">Ant&#244;nio, n</font><font style="font-size: 6.67pt; vertical-align: super;">r</font><font style="font-size: 10pt;"> 1343, 9</font><font style="font-size: 6.67pt; vertical-align: super;">th</font><font style="font-size: 10pt;"> floor, in the City and State of S&#227;o Paulo, also contemplating participation through Microsoft Teams</font><font style="font-size: 10pt;">.</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 7pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Attendance</font><font style="font-size: 10pt;">:</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(</font><font style="font-size: 10pt;">i</font><font style="font-size: 10pt;">) </font><font style="font-size: 10pt;">Members of the Board of Directors undersigned; (ii) Secretary of the Board of Directors, Mr. Andr&#233; Brickmann Areno</font><font style="font-size: 10pt;">; (iii) Chief Executive Officer, Mr. Frederico Pinheiro Fleury Curado</font><font style="font-size: 10pt;">; (i</font><font style="font-size: 10pt;">v</font><font style="font-size: 10pt;">) </font><font style="font-size: 10pt;">Chief Financial and Investor Relations Officer, Mr. </font><font style="font-size: 10pt;">Rodrigo de Almeida Pizzinatto</font><font style="font-size: 10pt;">; (v) </font><font style="font-size: 10pt;">other executive officers of the Company, Mrs. </font><font style="font-size: 10pt;">D&#233;cio</font><font style="font-size: 10pt;"> de Sampaio Amaral, Jo&#227;o Benjamin Parolin, Marcelo Pereira Malta de Ara&#250;jo</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">and</font><font style="font-size: 10pt;"> Tabajara Bertelli Costa</font><font style="font-size: 10pt;">; (vi) </font><font style="font-size: 10pt;">in relation to item 1</font><font style="font-size: 10pt;"> below</font><font style="font-size: 10pt;">, </font><font style="font-size: 10pt;">the coordinator of the Audit and Risks Committee, Mr. </font><font style="font-size: 10pt;">Fl&#225;vio Cesar Maia Luz</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;"> </font><font style="font-size: 10pt;">and the president of the Fiscal Council, </font><font style="font-size: 10pt;">M</font><font style="font-size: 10pt;">r. Geraldo Toffanello</font><font style="font-size: 10pt;">.&nbsp;&nbsp;</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 7pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Agenda and decisions</font><font style="font-size: 10pt;">:</font></font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 99.9182%; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

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<td style="width: 5.54514%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 7.1763%; margin: 0px; text-indent: 0px;">1.</td>
<td style="width: 87.2785%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">After having analyzed and discussed the performance of the Company in the third quarter of the current fiscal year, the respective financial statements were approved</font><font style="font-size: 10pt;">.</font></font></p>
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<td style="width: 5.54514%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 7.1763%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 87.2785%; margin: 0px; text-indent: 0px;"><br></td>
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<tr style="margin: 0px; text-indent: 0px;">
<td style="width: 5.54514%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 7.1763%; margin: 0px; text-indent: 0px;">2.</td>
<td style="width: 87.2785%; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt;">The members of the Board of Directors approved the<font>&nbsp;</font></font><font style="font-size: 10pt;">Personal Data<font>&nbsp;</font></font><font style="font-size: 10pt;">Protection<font>&nbsp;</font></font><font style="font-size: 10pt;">and Privacy</font><font style="font-size: 10pt;"><font>&nbsp;</font></font><font style="font-size: 10pt;">Corporate<font>&nbsp;</font></font><font style="font-size: 10pt;">Policy</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;"><font>&nbsp;</font></font><font style="font-size: 10pt;">and</font><font style="font-size: 10pt;"><font>&nbsp;</font>authorized the Company's Executive Officers to take the necessary measures to<font>&nbsp;</font>implement<font>&nbsp;</font>the<font>&nbsp;</font>Privacy Program established<font>&nbsp;</font>herein.</font></td>
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<tr style="margin: 0px; text-indent: 0px;">
<td style="width: 5.54514%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 7.1763%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 87.2785%; margin: 0px; text-indent: 0px;"><br></td>
</tr>
<tr style="margin: 0px; text-indent: 0px;">
<td style="width: 5.54514%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 7.1763%; margin: 0px; text-indent: 0px;">3.</td>
<td style="width: 87.2785%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9.5pt;">The Board members approved the Corporate Appointment Policy for Members of the Board of Directors, its Advisory Committees and Executive<font>&nbsp;</font></font><font style="font-size: 9.5pt;">Officers<font>&nbsp;</font></font><font style="font-size: 9.5pt;">Board, under the terms proposed by the Company's management</font><font style="font-size: 10pt;">.</font></font></p>
</td>
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<td style="width: 5.54514%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 7.1763%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 87.2785%; margin: 0px; text-indent: 0px;"><br></td>
</tr>
<tr style="margin: 0px; text-indent: 0px;">
<td style="width: 5.54514%; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 7.1763%; margin: 0px; text-indent: 0px;">4.</td>
<td style="width: 87.2785%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Considering the Conduct Committee</font><font style="font-size: 10pt;"><font>&nbsp;</font>currently vacant position</font><font style="font-size: 10pt;">, the members of the Board elected Mr. Julio Cesar<font>&nbsp;</font>Nogueira<font>&nbsp;</font>to<font>&nbsp;</font></font><font style="font-size: 10pt;">occupy the position</font><font style="font-size: 10pt;">. The composition of the Conduct Committee</font><font style="font-size: 10pt;"><font>&nbsp;</font>is</font><font style="font-size: 10pt;"><font>&nbsp;</font>namely<font>&nbsp;</font>Mrs. Marcelo Fernandez<font>&nbsp;</font>Trindade,<font>&nbsp;</font></font><font style="font-size: 10pt;">as</font><font style="font-size: 10pt;"><font>&nbsp;</font>President, Lucio de Castro Andrade<font>&nbsp;</font>Filho,<font>&nbsp;</font>Cristiane<font>&nbsp;</font>Silva<font>&nbsp;</font>Leite, Julio Cesar<font>&nbsp;</font>Nogueira<font>&nbsp;</font>and<font>&nbsp;</font>Andr&#233;<font>&nbsp;</font>Brickmann<font>&nbsp;</font>Areno</font><font style="font-size: 10pt;">.</font></font></p>
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<ol start="2" type="1" style="margin: 0px; padding-left: 0pt; text-indent: 0px;"></ol>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="line-height: 18pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Observation</font><font style="font-size: 10pt;">: The resolutions were approved, with no amendments or qualifications, by all the Board Members.</font></font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 18pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">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><font style="font-size: 10pt;">.</font></font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Pedro Wongtschowski </font><font style="font-size: 10pt;">&#8211; </font><font style="font-size: 10pt;">Chairman</font><font style="font-size: 10pt; font-weight: bold;">&nbsp;</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Lucio de Castro Andrade Filho </font><font style="font-size: 10pt;">&#8211; </font><font style="font-size: 10pt;">Vice-Chairman</font></font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><br>Alexandre Gon&#231;alves Silva</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Alexandre Teixeira de Assump&#231;&#227;o Saigh</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Ana Paula Janes Vescovi</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Fl&#225;via Buarque de Almeida</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Joaquim Pedro de Mello</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Jorge Marques de Toledo Camargo</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Jos&#233; </font><font style="font-size: 10pt; font-weight: bold;">Gall&#243;</font></font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Jos&#233; Maur&#237;cio Pereira Coelho</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Nildemar Secches</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Andr&#233; Brickmann Areno &#8211; </font><font style="font-size: 10pt; font-weight: bold;">Secretary</font></font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p><font style="font-family: 'times new roman', times; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a></font></p>
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<td style="width: 2.30556%; height: 17px;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 10pt;">SUMMARY</font><br></td>
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<td style="width: 2.30556%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1.</font></td>
<td style="width: 82.6494%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BPurpose_G0ELMODYTS00000000000000000000">PURPOSE</a></font></td>
<td class="bmpageno" style="width: 14.9632%; text-align: right; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">151</font></td>
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<td style="width: 2.30556%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2.</font></td>
<td style="width: 82.6494%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BPG_DFJ543HBCG00000000000000000000">PRINCIPLES AND GROUNDS</a></font></td>
<td class="bmpageno" style="width: 14.9632%; text-align: right; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">151</font></td>
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<td style="width: 2.30556%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3.</font></td>
<td style="width: 82.6494%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#Bhr_XB26CT523K00000000000000000000">PEOPLE COMMITTEE</a></font></td>
<td class="bmpageno" style="width: 14.9632%; text-align: right; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">151</font></td>
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<td style="width: 2.30556%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4.</font></td>
<td style="width: 82.6494%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BBD_XTQ26UPLF400000000000000000000">BOARD OF DIRECTORS</a></font></td>
<td class="bmpageno" style="width: 14.9632%; text-align: right; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">152</font></td>
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<td style="width: 2.30556%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.</font></td>
<td style="width: 82.6494%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BEB_4A3RGKYMRK00000000000000000000">EXECUTIVE OFFICERS BOARD</a></font></td>
<td class="bmpageno" style="width: 14.9632%; text-align: right; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">155</font></td>
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<td style="width: 2.30556%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">6.</font></td>
<td style="width: 82.6494%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BAC_PQTOK84B5C00000000000000000000">ADVISORY COMMITTEES</a></font></td>
<td class="bmpageno" style="width: 14.9632%; text-align: right; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">157</font></td>
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<td style="width: 2.30556%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7.</font></td>
<td style="width: 82.6494%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BEP_CBCKEL3H6800000000000000000000">ASSESSMENT PROCESS</a></font></td>
<td class="bmpageno" style="width: 14.9632%; text-align: right; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">158</font></td>
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<td style="width: 2.30556%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8.</font></td>
<td style="width: 82.6494%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BGP_E97CO40RYO00000000000000000000">GENERAL PROVISIONS</a></font></td>
<td class="bmpageno" style="width: 14.9632%; text-align: right; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">159</font></td>
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<div style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BPurpose_G0ELMODYTS00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1. PURPOSE</font></a></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The purpose of this Corporate Nomination Policy for Members of the Board of Directors (&#8220;Board&#8221;), Advisory Committees (&#8220;Committees&#8221;) and Executive Officers Board (&#8220;Policy&#8221;) is to establish the criteria for composition of such Ultrapar&#8217;s bodies, as well as procedures for appointment and evaluation of the respective members, in accordance with the best corporate governance practices. </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BPG_DFJ543HBCG00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2. PRINCIPLES AND GROUNDS</font></a></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.1&nbsp;&nbsp;&nbsp;&nbsp;The Policy is based on the guidelines and provisions set forth in: (i) the Bylaws; (ii) Law 6404/76; (iii) the Brazilian Corporate Governance Code; (iv) the B3&#8217;s Novo Mercado Listing Regulation; and (v) the legislation and regulation in force applicable to the Company.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.2&nbsp; &nbsp; &nbsp;The Board of Directors and its Committees and Executive Officers Board thereof shall be composed of highly qualified professionals, with proved professional or academic experience, in conformity with the Company&#8217;s values and Code of Ethics.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.3&nbsp; &nbsp; &nbsp; The appointment shall consider the time of experience, academic background, available time to perform the duties and diversity. Such criteria shall ensure that the Company benefits from a wide range of visions, experiences and arguments, in order to undertake the decisions with greater quality and security.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Bhr_XB26CT523K00000000000000000000" class="customBookmark"><font style="font-weight: bold;">3. PEOPLE COMMITTEE</font></a></div>
<p style="font-size: 10pt; line-height: 150%; margin: 5pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Under the Bylaws, the People Committee shall support the Board of Directors in the nomination process, so that the Company is able to be properly prepared in advance for the succession of these positions and monitor the actions that ensure the adoption of a model for attraction, retention and motivation of the management members with the required qualifications, aligned with the Company&#8217;s strategic plans.<br><br></font></p>
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<p><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; float: none; display: inline !important;"><br></font></p>
<div style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BBD_XTQ26UPLF400000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">4. BOARD OF DIRECTORS</font></font></a></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">A. </font><font style="font-weight: bold;">Composition Criteria</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.1&nbsp; &nbsp; &nbsp;The Board of Directors shall be composed of, at least, five (5) and, at most, eleven (11) members, elected and subject to removal by the Shareholders' Meeting, for unified term of office of two (2) years, reelection permitted, under the terms of the Company&#8217;s Bylaws.<font style="font-size: 7pt;"><sup>1</sup></font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors shall be mandatorily composed of, at least, thirty percent (30%) or two (2) independent members, whichever is higher, under the terms of the Company&#8217;s Bylaws.<font style="font-size: 7pt;"><sup>2</sup></font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 7pt;"><sup><br></sup></font></font></p>
<p style="font-size: 10pt; line-height: 150%; 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; line-height: 150%; margin: 0pt 0pt 0pt 25pt; text-align: justify; text-indent: 0pt;">4.2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-family: 'times new roman', times; font-size: 10pt;">When, as a result of compliance with the percentage referred to in the <i>caput</i> hereof, the number of directors results in a fraction, such number will be rounded to the immediately higher whole number, as established in the Company&#8217;s Bylaws</font>.<font style="font-size: 8pt;"><sup>3</sup></font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 25pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 25pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.2.2&nbsp; &nbsp; &nbsp;The appointment of the independent directors shall comply with the rules and procedures set forth in the Novo Mercado Listing Regulation and the Ultrapar&#8217;s Bylaws, subject to approval at the Shareholders' Meeting held to elect such independent directors. </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The appointment of the Board of Directors&#8217; members shall comply with the following criteria, without prejudice to the legal and regulatory requirements, as well as those set forth in the Bylaws:</font></p>
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<td style="width: 3.81568%; 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: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">(i)</font></td>
<td style="width: 92.9408%; 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: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">do not hold any Officer position in the Company;</font></td>
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<td style="width: 3.81568%; 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: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">(ii)</font></td>
<td style="width: 92.9408%; 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: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">comply with the values and culture of the Company and the Company&#8217;s Code of Ethics;</font></td>
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<td style="width: 3.81568%; 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: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">(iii)</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: 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; float: none; display: inline !important;">&nbsp;</font></td>
<td style="width: 92.9408%; 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: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">have well-regarded reputation, as set forth in article 147, paragraph 3, of Law 6404/76;</font></td>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 71.5pt; text-align: justify; text-indent: -36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 0pt; text-align: justify; text-indent: 0;"><font style="text-decoration: underline; font-family: 'times new roman', times;">&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></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="vertical-align: super; font-size: 7pt;"><font lang="PT-BR"><font style="mso-special-character: footnote;"><font lang="PT-BR" style="line-height: 115%;">1</font></font></font></font><font lang="PT-BR"> <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: 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;">As set forth in article</font><font style="font-size: 8pt;">&nbsp;17 <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: 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 the Bylaws.</font></font></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="vertical-align: super; font-size: 7pt;"><font lang="PT-BR"><font style="mso-special-character: footnote;"><font lang="PT-BR" style="line-height: 115%;">2</font></font></font></font><font lang="PT-BR"> <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: 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;">As set forth in article</font><font style="font-size: 8pt;">&nbsp;18 <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: 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 the Bylaws.</font></font></font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 0pt; text-align: justify; text-indent: 0;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="vertical-align: super; font-size: 7pt;"><font lang="PT-BR" style="line-height: 115%;"><font style="mso-special-character: footnote;">3</font></font></font><font lang="PT-BR" style="font-size: 11pt; line-height: 115%;"> <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: 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;">As set forth in article</font><font style="font-size: 8pt;">&nbsp;18, <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: 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;">paragraph<font>&nbsp;</font></font>1, <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: 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 the Bylaws.</font></font></font></font></p>
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<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'>151</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
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<p><br></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 71.5pt; text-align: justify; text-indent: -36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
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<td style="width: 3.57041%; 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: 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; float: none; display: inline !important;">(iv)</font></td>
<td style="width: 92.532%; 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: 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; float: none; display: inline !important;">have educational qualification compatible with the Board of Directors&#8217; duties;</font></td>
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<td style="width: 3.57041%; 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: 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; float: none; display: inline !important;">(v)</font><font style="color: #000000; font: 13.3333px 'times new roman', times; 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;">&nbsp;<font>&nbsp;</font></font></td>
<td style="width: 92.532%; 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: 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; float: none; display: inline !important;">have professional experience in areas or subjects of interest of the Company;</font></td>
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<td style="width: 3.57041%; 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: 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; float: none; display: inline !important;">(vi)</font><font style="color: #000000; font: 13.3333px 'times new roman', times; 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;">&nbsp; &nbsp;</font></td>
<td style="width: 92.532%; 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: 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; float: none; display: inline !important;">do not be a party to any final decision, ruled by CVM, which had suspended, disqualified or designated the member as non-eligible to the Company&#8217;s management position, as provided for in article 147, paragraph 2, of Law 6404/76;</font></td>
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<td style="width: 3.57041%; 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: 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; float: none; display: inline !important;">(vii)</font><font style="color: #000000; font: 13.3333px 'times new roman', times; 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;">&nbsp; &nbsp;</font></td>
<td style="width: 92.532%; 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: 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; float: none; display: inline !important;">do not be prohibited, by specific law, or be convicted for bankruptcy crime, improper administration, active or passive corruption, embezzlement, crime against popular economy, public faith, public property or national financial system, or crime that prohibits the access to governmental positions, as provided for in article 147, paragraph 1, of Law 6404/76;</font></td>
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<td style="width: 3.57041%; 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: 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; float: none; display: inline !important;">(viii)</font><font style="color: #000000; font: 13.3333px 'times new roman', times; 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;">&nbsp; &nbsp;&nbsp;</font></td>
<td style="width: 92.532%; 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: 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; float: none; display: inline !important;">do not have conflict of interests with the Company and its subsidiaries and associated companies (the conflict of interest with the Company is characterized by the person who, on a cumulative basis: (a) has been elected by any shareholder who has also been elected as a management member of a competitor; and (b)&nbsp;has any subordination relationship with the shareholder who have elected such person), as set forth in article 147, paragraph 3, of Law 6404/76; and</font></td>
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<td style="width: 3.57041%; 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: 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; float: none; display: inline !important;">(ix)</font></td>
<td style="width: 92.532%; 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: 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; float: none; display: inline !important;">have available time to properly exercise the position and comply with the assumed responsibility, including, but not limited to, attendance to the Board of Directors&#8217; meetings and previous reading of the documentation.</font></td>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 71.5pt; text-align: justify; text-indent: -36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp; &nbsp; &nbsp; &nbsp;</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.4&nbsp; &nbsp; &nbsp;&nbsp;The proposed reelection of the Board of Directors&#8217; members shall take into account the results from the assessments conducted during the previous terms of office of such members.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">B. </font><font style="font-weight: bold;">Appointment</font><font style="font-weight: bold;"> Procedures</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.5&nbsp;&nbsp;&nbsp;&nbsp;The appointment of the Board of Directors&#8217; members at the Shareholders' Meeting may be performed by the Board of Directors itself or any other<br><br></font></p>
<p style="font-size: 10pt; line-height: 150%; 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; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>152</font></font></td>
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<div style="font-family: 'times new roman', times; font-size: 10pt;"><br><font style="font-family: 'times new roman', times; font-size: 10pt;"><br>shareholder or group of shareholders, as set forth in Law 6404/76 and the Bylaws.<font style="font-size: 7pt;"><sup>4</sup></font></font>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.6 At the date the Shareholders' Meeting for electing the members of the Board of Directors is called, the Board shall make available at the Company&#8217;s headquarters a statement signed by each of the members of the slate of candidates nominated by it, containing: (a) their full identification; (b) a complete description of their professional experience, describing the professional activities previously performed, as well as their professional and academic qualifications; and (c) information about disciplinary and judicial proceedings for which a final judgment was rendered and in which any such members have been convicted, as well as inform, if the case may be, the existence of events of limitations or conflict of interest provided for in Article 147, Paragraph 3 of Law no. 6,404/76.<font style="font-size: 7pt;"><sup>5</sup></font></font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.7. Whenever there are Shareholders' Meeting for election of directors, the Board shall include, in the respective proposal of the management, its expression including: (i) confirmation of the adhesion of each candidate to the position of member of the Board to this Policy; and (ii) the reasons, in accordance with the provisions of the Novo Mercado Listing Regulation and the declaration of independence submitted by the candidate, by which the qualification of each applicant as independent director is verified.<font style="font-size: 7pt;"><sup>6</sup></font></font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.8. Pursuant to the Bylaws, the shareholders or group of shareholders desiring to propose another slate of candidates to be elected to the Board of Directors shall, at least five (5) days prior the date of the Shareholders' Meeting, send to the Board statements individually signed by the candidates nominated by them, containing the information mentioned in item 4.7 above; the Board of Directors shall immediately disclose such information, by notice posted on the Company&#8217;s internet website and sent by electronic means to the CVM and the B3 notifying them that the documents with respect to the other slate of candidates are available to the shareholders at the Company&#8217;s headquarters.<font style="font-size: 7pt;"><sup>7</sup></font></font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="text-decoration: underline; font-family: 'times new roman', times;">&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></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="vertical-align: super; font-size: 7pt;"><font lang="PT-BR"><font style="mso-special-character: footnote;"><font lang="PT-BR" style="line-height: 115%;">4</font></font></font></font><font lang="PT-BR">&nbsp;</font><font style="mso-ansi-language: EN-US;"><font style="font-size: 8pt;">As set forth in article 20, paragraph 1, of the Bylaws.</font></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="vertical-align: super; font-size: 7pt;"><font style="mso-ansi-language: EN-US;"><font style="mso-special-character: footnote;"><font style="line-height: 115%;">5</font></font></font></font><font style="mso-ansi-language: EN-US;">&nbsp;<font style="font-size: 8pt;">As set forth in article 20, paragraph 2, of the Bylaws.</font></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="vertical-align: super;"><font style="mso-ansi-language: EN-US;"><font style="mso-special-character: footnote;"><font style="font-size: 10pt; line-height: 115%;"><font style="font-size: 7pt;">6</font></font></font></font></font><font style="mso-ansi-language: EN-US;">&nbsp;<font style="font-size: 8pt;">As set forth in article 15 of the Board of Directors&#8217; Internal Regulation.</font></font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="vertical-align: super;"><font style="font-size: 11pt; line-height: 115%;"><font style="mso-special-character: footnote;"><font style="font-size: 7pt;">7</font></font></font></font><font style="font-size: 11pt; line-height: 115%;">&nbsp;<font style="font-size: 8pt;">As set forth in article 20, Paragraph 3, of the Bylaws.</font></font> </font><br><br></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 25pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 25pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.8.1<font style="color: #000000; font-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;">&nbsp;&nbsp;</font>The Board of Directors shall confirm whether the requirements set forth in items 4.2, 4.3 and 4.8 of this Policy have been complied and, in the case, the names of the candidates shall be voted at the Shareholders' Meeting.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.9<font style="color: #000000; font-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;">&nbsp;</font><font style="color: #000000; font-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;">&nbsp;&nbsp;&nbsp;&nbsp;</font>The other rules on the appointment, election, vacancy and replacements shall comply with the provisions set forth in the Bylaws, Board of Directors&#8217; Internal Bylaws and applicable legislation in force.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BEB_4A3RGKYMRK00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">5. EXECUTIVE OFFICERS BOARD</font></font></a></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">A. </font><font style="font-weight: bold;">Composition Criteria</font></font></p>
<p style="font-size: 11pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the terms of the Company&#8217;s Bylaws, the Executive Officers Board shall be composed of up to eight (8) Officers, shareholders or not, resident in Brazil, elected by the Board of Directors, without specific designation, except for the Chief Executive Officer and the Investor Relations Officer, which duties are described in the Bylaws.<font style="font-size: 7pt;"><sup>8</sup></font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.2.<font style="color: #000000; font-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;">&nbsp;</font><font style="color: #000000; font-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;">&nbsp;&nbsp;&nbsp;&nbsp;</font>The Officers&#8217; term of office shall be 2 (two) years, with reelection permitted, and shall continue until each successor is elected.<font style="font-size: 7pt;"><sup>9</sup></font></font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.3<font style="color: #000000; font-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;">&nbsp;</font><font style="color: #000000; font-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;">&nbsp;&nbsp;&nbsp;&nbsp;</font>The Board of Directors shall appoint for executive positions professionals who are able to combine the interests of the Company, shareholders, managers and employees, in addition to the Company&#8217;s social and environmental responsibility, based on the principles of lawfulness and ethics.</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 12pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.4<font style="color: #000000; font-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;">&nbsp;</font><font style="color: #000000; font-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;">&nbsp;&nbsp;&nbsp;&nbsp;</font>The Executive Officers Board&#8217;s members shall be appointed in conformity with the following criteria, without prejudice to the legal and regulatory requirements and the provisions set forth in the Bylaws:</font></p>
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<td style="width: 92.532%; height: 10px; 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;">do not hold any position in the Company&#8217;s Board of Directors;</font></td>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 0pt; text-align: justify; text-indent: 0;"><font style="text-decoration: underline; font-family: 'times new roman', times;"><font style="font-size: 10pt;">&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 0.0001pt; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="vertical-align: super; font-size: 7pt;"><font style="mso-ansi-language: EN-US;"><font style="mso-special-character: footnote;"><font style="line-height: 115%;">8</font></font></font></font><font style="mso-ansi-language: EN-US;">&nbsp;&nbsp;<font style="font-size: 8pt;">As set forth in article 31 of the Bylaws.</font></font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 0pt; text-align: justify; text-indent: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="vertical-align: super;"><font style="font-size: 11pt; line-height: 115%;"><font style="mso-special-character: footnote;"><font style="font-size: 7pt;">9</font>&nbsp;</font></font></font><font style="font-size: 11pt; line-height: 115%;"><font style="font-size: 8pt;">As set forth in article 31, sole paragraph, of the Bylaws.</font></font> <br><br></font></p>
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<td style="width: 3.57041%; vertical-align: top; height: 10px;">(ii)</td>
<td style="width: 92.532%; vertical-align: top; height: 10px;"><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;">comply with the values and culture of the Company and the Company&#8217;s&nbsp;Code of Ethics;</font></td>
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<td style="width: 3.57041%; vertical-align: top; height: 10px;">(iii)</td>
<td style="width: 92.532%; vertical-align: top; height: 10px;"><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;">have well-regarded reputation, as set forth in article&nbsp;147,&nbsp;paragraph&nbsp;3,&nbsp;of&nbsp;Law&nbsp;6404/76;</font></td>
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<td style="width: 3.57041%; 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: 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;">(iv)</font></td>
<td style="width: 92.532%; 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: 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;">have educational qualification compatible with the Officer&#8217;s duties;</font></td>
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<td style="width: 3.57041%; 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: 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;">(v)</font><font style="color: #000000; font: 13.3333px 'times new roman', times; 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;">&nbsp;<font>&nbsp;</font></font></td>
<td style="width: 92.532%; 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: 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;">have professional experience compatible with the Officer&#8217;s duties;</font></td>
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<td style="width: 3.57041%; 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: 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;">(vi)</font><font style="color: #000000; font: 13.3333px 'times new roman', times; 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;">&nbsp; &nbsp;</font></td>
<td style="width: 92.532%; 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: 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;">do not be a party to any final decision, ruled by CVM, which had suspended, disqualified or designated the member as non-eligible to the Company&#8217;s management position, as provided for in article 147, paragraph 2, of Law 6404/76;</font></td>
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<td style="width: 3.57041%; 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: 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;">(vii)</font><font style="color: #000000; font: 13.3333px 'times new roman', times; 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;">&nbsp; &nbsp;</font></td>
<td style="width: 92.532%; 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: 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;">do not be prohibited, by specific law, or be convicted for bankruptcy crime, improper administration, active or passive corruption, embezzlement, crime against popular economy, public faith, public property or national financial system, or crime that prohibits the access to governmental positions, as provided for in article 147, paragraph 1, of Law 6404/76; and</font></td>
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<td style="width: 3.57041%; 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: 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;">(viii)</font><font style="color: #000000; font: 13.3333px 'times new roman', times; 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;">&nbsp; &nbsp;&nbsp;</font></td>
<td style="width: 92.532%; 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: 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;">do not have any conflict of interest with the Company and its subsidiaries or associated companies, as set forth in article 147, paragraph 3, of Law 6404/76.</font></td>
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<p style="font-size: 10pt; line-height: 150%; margin: 12pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.5&nbsp; &nbsp; &nbsp;The proposed reelection of the Executive Officers Board&#8217;s members shall take into account the results from the assessments conducted during the exercise of the activities.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">B</font><font style="font-weight: bold;">. Nomination&nbsp;</font><font style="font-weight: bold;">Procedure</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.6&nbsp; &nbsp; &nbsp;The appointment of the Executive Board&#8217;s members, including the Chief Executive Officer, shall be approved by the Board of Directors, supported by the People Committee.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.7<font style="color: #000000; font-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;">&nbsp; &nbsp;&nbsp;</font>The performance of the requirements set forth in items 5.4 and 5.5 of this Policy shall be verified by the People Committee and, if complied indeed, the name of the candidate shall be voted at the Board of Directors&#8217; meeting and the election, shall be conducted as set forth in the applicable legislation in force.</font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.8 &nbsp; &nbsp;&nbsp;The contracting of the Company&#8217;s and its subsidiaries&#8217; non-statutory Officers shall also comply with the criteria set forth in items 2.3 and 5.4 of this Policy.</font></p>
<p style="font-size: 11pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BAC_PQTOK84B5C00000000000000000000" class="customBookmark"><font style="font-weight: bold;">6. ADVISORY COMMITTEES</font></a></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">A. </font><font style="font-weight: bold;">Composition Criteria</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors shall have mandatorily the following advisory committees:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt 27pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">a) Audit and Risk Committee;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt 27pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">b) People Committee; and </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt 27pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">c) Strategy Committee. </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 3pt 27pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.1.1. The Board of Directors may establish additional advisory committees[10], in conformity with the appointment criteria established in this Policy, including the definition of the guidelines and duties upon installation and indication of the respective members thereof. </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.2&nbsp;&nbsp;&nbsp;&nbsp;The composition of the Committees, including the term of office of its members, shall comply with the provisions set forth in the Bylaws, applicable legislation in force and respective Internal Bylaws, in addition to the principles and criteria provided for in items 2.2 and 2.3 of this Policy.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The proposed reelection of the Committees&#8217; members shall take into account the results from the assessments conducted during the previous terms of office of such members.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">B. Nomination&nbsp;</font><font style="font-weight: bold;">Proce</font><font style="font-weight: bold;">dure</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 0pt; text-align: justify; text-indent: 0;"><font style="text-decoration: underline; font-family: 'times new roman', times;"><font style="font-size: 10pt;">&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="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 0pt; text-align: justify; text-indent: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="vertical-align: super;"><font style="font-size: 11pt; line-height: 115%;"><font style="margin: 0cm 0cm 0.0001pt; text-align: start; text-indent: 0px;"><font style="font-size: 7pt;"><sup>10</sup></font> <font style="font-size: 8pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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;">As set forth in article 38, paragraph 2, of the Bylaws. </font></font></font></font></font></p>
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<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The members of the Committees and advisory bodies under the Ultrapar&#8217;s Board of Directors shall be appointed by any director within up to seven (7) days in advance from the meeting held to indicate the composition of the new Committee, when applicable.</font>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.5&nbsp; &nbsp; &nbsp; The performance of the requirements set forth in items 6.2 and 6.3 of this Policy shall be verified by the Board of Directors and the appointed candidate shall be approved by the Board of Directors.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BEP_CBCKEL3H6800000000000000000000" class="customBookmark"><font style="font-weight: bold;">7. ASSESSMENT PROCESS</font></a></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A. Board of Directors</font><font style="font-size: 10pt;">&nbsp;</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to ensure the effective dynamics and operation of the Board of Directors and related Committees and advisory bodies thereof, the Company shall conduct a periodical assessment at least once per term of office.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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;">assessment<font>&nbsp;</font></font>shall be approved by the Board of Directors and be composed of 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;">assessment<font>&nbsp;</font></font>of the Board of Directors itself and the related Committees, as well as the individual members, conducted internally or by a specialized company.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purpose of 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;">assessment<font>&nbsp;</font></font>is to measure the dimensions related to the composition, operation, qualification, dedication and effectiveness, which is an essential element in the appointment process set forth in this Policy.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">B. </font><font style="font-weight: bold;">Executive Officers Board</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.4 The Company&#8217;s Chief Executive Officer shall be annually evaluated by the Chairman of the Board of Directors, inclusive with respect to the compliance with the individual and economic goals. The other members of the Statutory Executive</font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br>Officers Board shall be similarly evaluated by the Chief Executive Officer, which results shall be reported and approved by the People Committee. </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.5&nbsp; &nbsp; &nbsp;The results from 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;">assessments<font>&nbsp;</font></font>referred to above shall be reported to the Board of Directors. </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt 18pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BGP_E97CO40RYO00000000000000000000" class="customBookmark"><font style="font-weight: bold;">8. GENERAL PROVISIONS</font></a></div>
<p><font style="font-weight: bold;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Policy shall become effective on the date of approval by the Board of Directors and shall solely be modified in conformity with the provisions set forth in the Company&#8217;s Bylaws.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8.2&nbsp; &nbsp; &nbsp;This Policy is available for consultation in the Company&#8217;s Investor Relations website.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; 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'>158</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>
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<td style="width: 50%; height: 25px;" rowspan="2"><img src="imgsz1tyzth2j306323581.jpg" style="float: right;" alt="Graphics"><br></td>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">EXHIBIT</font><font style="font-weight: bold;"> I &#8211; DEFINI</font><font style="font-weight: bold;">TIONS</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For the purposes of this Regulation, the terms below shall have the following meanings:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8220;B3&#8221;: B3 S.A. - Brasil, Bolsa, Balc&#227;o;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> &#8220;Company&#8221; or &#8220;Ultrapar&#8221;: Ultrapar Participa&#231;&#245;es S.A.;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8220;CVM&#8221;: Brazilian Securities and Exchange Commission;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> &#8220;Executive Officers Board&#8221;: Ultrapar&#8217;s Statutory Executive Officers Board;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> &#8220;Bylaws&#8221;: Ultrapar&#8217;s Bylaws;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> &#8220;Novo Mercado Listing Regulation&#8221;: is the B3&#8217;s Novo Mercado Listing Rules;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> &#8220;Ultra Group&#8221;: Ultrapar and its subsidiaries in Brazil and abroad.&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt; 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'>159</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><br></p><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;">SIGNATURES</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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="font-size: 12pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Date: November 04, 2020&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
<table style="width: 55%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">

<tr>
<td style="width: 90.6425%;" colspan="3"><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: 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;">ULTRAPAR HOLDINGS INC.</font></td>
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<td style="width: 5%;"><br></td>
<td style="width: 4.00744%;"><br></td>
<td style="width: 81.6351%;"><br></td>
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<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: 4.00744%;"><br></td>
<td style="border-bottom: 1pt solid #000000; width: 81.6351%;"><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;"><font>&nbsp;</font>/s/ Rodrigo de Almeida<font>&nbsp;</font></font>Pizzinatto</td>
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<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: 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 style="width: 4.00744%;"><br></td>
<td style="width: 81.6351%;"><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: 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;">Rodrigo de Almeida<font>&nbsp;</font></font>Pizzinatto</td>
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<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: 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 style="width: 4.00744%;"><br></td>
<td style="width: 81.6351%;"><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: 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>
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<font style="font-size: 10pt;">&nbsp;</font>
<p style="font-size: 8pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;"><br>(</font><font style="font-style: italic;">Parent</font><font style="font-style: italic;">&#8217;s Separate</font><font style="font-style: italic;"> and Consolidated Interim Financial Information as of and the Three-month period Ended September 30, 2020 and Report on Review of Interim Financial Information</font><font style="font-style: italic;">, </font><font style="font-style: italic;">3</font><font style="font-style: italic;">Q</font><font style="font-style: italic;">20</font><font style="font-style: italic;"> Earnings </font><font style="font-style: italic;">R</font><font style="font-style: italic;">elease</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Board of Directors </font><font style="font-style: italic;">m</font><font style="font-style: italic;">inutes</font><font style="font-style: italic;"> and</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Corporate Appointment Policy for Members Of The Board Of Directors, Advisory Committees and Executive Board</font><font style="font-style: italic;">)</font></font></p>
</div>
<p style="font-size: 8pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-size: 10pt; font-style: italic; font-family: 'times new roman', times;">&nbsp;</font></p>
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